A relative dies, leaving you a life insurance policy worth $100,000 that could be paid...
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A relative dies, leaving you a life insurance policy worth $100,000 that could be paid to you today. The insurance company also offers you another option to receive $6,500 semi-annually for 10 years, with the first payment due today. Suppose the annual interest rate is constant at 5%, which option should you choose?
Could someone help me with this question? I am in a hurry
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