Julie has just retired. Her company's retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $ immediately as her full retirement benefit. Under the second option, she woul receive $ each year for years plus a lumpsum payment of $ at the end of the year period.
Required:
a Calculate the present value for the following assuming that the money can be invested at
b If she can invest money at which option would you recommend that she accept?
Complete this question by entering your answers in the tabs below.
Req B
Calculate the present value for the following assuming that the money can be invested at Round your final answer to the nearest whole dollar amount.
tableOption Option Present value,$
