you are offered a $2,080,000 retirement package to be given an $80,000 payment at the...
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you are offered a $2,080,000 retirement package to be given an $80,000 payment at the end of each of the next 26 years. You are also giving the option of accepting a $880,000 lump sum payment now. Interest rates are at 6.6% over the next 26 years which is a better option?
1. The offered annual payment of $80,000
2. the lump sum
3. they are the same
4. cannot be determined
(can you please show steps for ti-84 calculator) and also if they are asking for present value or future??
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