Sue won a "Millionaire Life" lottery. As a winner of the Grand Prize, she can choose either $1 million per year for 25 years or a single cash payment of $17 million. What option should be chosen if the payments are made at the beginning of each year and on low risk investments, money can earn 3.2% compounded annually?

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The Answer of Sue won a "Millionaire Life" lottery. As a winner of the Grand Prize, she can choose either $1 million per year for 25 years or a single cash payment of $17 million. What option should be chosen if the payments are made at the beginning of each year and on low risk investments, money can earn 3.2% compounded annually?

Sue Won a "Millionaire Life" Lottery