You have a choice between a lottery lump sum payout of $3,800,000 today or a series of twenty annual annuity due payments.At a discount rate of 6.00%,how large must the annual annuity due payments be to make you indifferent between the two choices? Use a calculator to determine your answer.
A)$331,301.32
B)$351,179.40
C)$190,000.00
D)$312,548.41

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The Answer of You have a choice between a lottery lump sum payout of $3,800,000 today or a series of twenty annual annuity due payments.At a discount rate of 6.00%,how large must the annual annuity due payments be to make you indifferent between the two choices? Use a calculator to determine your answer.
A)$331,301.32
B)$351,179.40
C)$190,000.00
D)$312,548.41

You Have a Choice Between a Lottery Lump Sum Payout