SOLUTION: Your grandfather is planning to retire this year. Her firm has offered her a lumpsum retirement payment of $50,000 now or a $6,000 life time ordinary annuity whichever she chooses.

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Question 1161293: Your grandfather is planning to retire this year. Her firm has offered her a lumpsum retirement payment of $50,000 now or a $6,000 life time ordinary annuity whichever she chooses. Your grandfather is in reasonably good health and expects
to live for at least 10 years more. Which option should she choose, assuming that
an 7 percent annual interest rate is appropriate to evaluate the annuity?
Answer by ikleyn(52890) About Me  (Show Source):
You can put this solution on YOUR website!
.

Do you talk about a grandfather or a grandmother ?

It is UNCLEAR from your post.