Select the correct answer from each drop-down menu. John is preparing to retire, and he knows he'll receive a pension from his
company. The pension will pay John $25,000 per year
for 20 years. A lump-sum payment of $500,000 today is also an option for John, and the account John would use for that money
would pay interest of 3% per year, compounded annually.
Since the present value of all the yearly pension payments is
John should choose the
option for his pension.

John is preparing to retire, and he knows he’ll receive a pension from his company. The pension will pay John $25,000 per year for 20 years. A lump-sum payment of $500,000 today is also an option for John, and the account John would use for that money would pay interest of 3% per year, compounded annually.

Since the present value of all the yearly pension payments is "$371,937"

, John should choose the "lump-sum"  option for his pension.

Step-by-step explanation:

I got it right on Plato

answer: given that the roller coaster can accommodate 1600 riders per hour, thus the roller coaster can accomodate 1600 / 60 = 26.67 riders per minute.

given that there are 345 people in the line, the number of minutes it will take for the 345 persons to get into the roller coaster is given by 345 / 26.67 = 12.94 minutes.

therefore, it will take you 12.94 minutes to get to the front of the line.

step-by-step explanation:

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