Value of Options Assignment | Homework For You

Bill has just won the state lottery. He’s given the following options for his winnings:
1) a lump sum of the winnings (before taxes) of $500,000
2) a 10 year annuity that pays him $75,000 a year(before taxes) (at the beginning of the year) Assuming a market rate of 6%, what is the difference in value between these two options? $0 $52,006.53 $85.126.92 $250,000. Get Finance homework help today