• 2022-05-31
    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.