Shane has a retirement plan with an insurance company. He can choose to be paid either $330 per month for 15 years or a Klump sum of $25,000. Which is the better option? Assume an annual interest rate of 9%. GTD Select the correct choice below and, if necessary, fill in the arewer box to complete your choice. OA. The present value of the retirement plan is S this is worse than the lump sum of $25,000 (Round to the nearest cent as needed) B. The present value of the retirement plan is $32.535 82 this is better than the lump sum of $25,000, (Round to the nearest cent as needed) OC. The present value of the retirement plan is the same as the lump sum of $25,000 brree
Shane has a retirement plan with an insurance company. He can choose to be paid either $330 per month for 15 years or a Klump sum of $25,000. Which is the better option? Assume an annual interest rate of 9%. GTD Select the correct choice below and, if necessary, fill in the arewer box to complete your choice. OA. The present value of the retirement plan is S this is worse than the lump sum of $25,000 (Round to the nearest cent as needed) B. The present value of the retirement plan is $32.535 82 this is better than the lump sum of $25,000, (Round to the nearest cent as needed) OC. The present value of the retirement plan is the same as the lump sum of $25,000 brree
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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