OA 12.50
B. 12.39
C 13.01
D. 12.09
OE. 12.98
funds, Le, run the account down to zero?
Question 6
Your friend Jack just won the Mega Million lottery. He can either take home $15,000,000 today or a 20-year annuity of
$1,050,000, with the first payment coming one year from today. What rate of return is built into the annuity?
? ?. 3.44%
? ?. 3.79%
? C. 4.17%
OD. 4.58%
OE. 5.04%
3 pts