How much is the lump-sum payment if an interest rate of 10


You are offered an annuity that will pay you $310,000 today, and continue to pay $310,000 annually for a total of 30 payments, If you are offered equivalent lump sum one-time now, how much is the lump-sum one-time payment now, how much is the lump-sum payment if an interest rate of 10% compounded annually is used?

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Financial Management: How much is the lump-sum payment if an interest rate of 10
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