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2. Gabrielle just won $1.8 million in the state lottery. She is given the option of receiving a total of S900,000 now, or she can elect to be paid $90,000 at the end of each of the next 20 years. If
Gabrielle can earn 6% annually on her investments, from a strict economic point of view which option should she take?
If Gabrielle takes the prize as an annuity, the present value of the 20-year ordinary annuity is S Round to the nearest dollar.) 1,032,293 tprese s Round to the nearest dollar.)
Which alternative should be chosen? (Select the best answer below.)
O A. Lump sum payment
O B. Annuity payments
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2. Gabrielle just won $1.8 million in the state lottery.
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