David won the lottery. he can take a single lump sum payout of $10 million dollars or receive $750,000 per year for the next 25 years. what rate of return would david need to break even if he took the lump sum amount instead of the annuity? a)6.19%b)5.31%c)4.98%d)5.56%

Option d

Step-by-step explanation:

Given that David won the lottery. He can take a single lump sum payout of $10 million dollars or receive $750,000 per year for the next 25 years.

To break even both returns must be equal

Calculating 750000 every year for next 25 years would be equal to

This must equal 10 million dollars to break even

Equate and simplify to get

From annuity table we find that this approximately equals 5.56%

Hence option d

idk

step-by-step explanation:

costs the what? what is the cost of the pants?

step-by-step explanation:

if it is $10, then the price is 14.

take 40% of the cost, and then add the cost.

40% of 10 = 4

4+10 = 14.