Justin Banks just won the lottery and is trying to decide between the annual cash flow payment option and the lump sum option. Justin can earn 8% at the bank and the annual cash flow option is $ lO0000/year, beginning today for 15 years. What is the annual cash flow option worth to Justin today() A: $ 855947.87. B: $1500000.00. C: $ 924423.70.
Justin Banks just won the lottery and is trying to decide between the annual cash flow payment option and the lump sum option. Justin can earn 8% at the bank and the annual cash flow option is $ lO0000/year, beginning today for 15 years. What is the annual cash flow option worth to Justin today() A: $ 855947.87. B: $1500000.00. C: $ 924423.70.
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