Problem
Suppose Donald is expecting an inheritance that will pay him $85,000 at the end of each year for the next 40 years. Since his inheritance is guaranteed money, the bank offers him $1.9 million now? Should Donald take the money now or take the annuity if the interest rate is 3%. Explain.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.