Here are two ways of investing $30,000 for 20 years.
Lump sum Deposit
30,000
Rate
5% compounded annually
Time
20 years
After 20 years, how much more will you have from the lump sum investment than from the annuity?
Lump sum Deposit
30,000
Rate
5% compounded annually
Time
20 years
After 20 years, how much more will you have from the lump sum investment than from the annuity?