Justin Banks just won the lottery and is t
题型:单项选择题
问题:
Justin Banks just won the lottery and is trying to decide between the annual cash flow payment option or the lump sum option. He can earn 8 percent at the bank and the annual cash flow option is $100000/year, beginning today for 15 years. What is the annual cash flow option worth to Banks today()
A. $ 924423.70
B. $ 855947.87
C. $1500000.00