Aiden, who just retired, is given two options for what he wants to do with his $

Aiden, who just retired, is given two options for what he wants to do with his $

Aiden, who just retired, is given two options for what he wants to do with his $2,200,000 in gratuity money. The first option is to invest the whole amount of money in an account that pays 0.6% compound monthly. He will then withdraw $10,000 every month until the account is empty. Another option for Aiden is to join a private retirement scheme where, under this scheme, he will get $10,000 every month for 25 years.
Which option should Aiden choose? Justify your answer with relevant calculations

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