solution EXERCISE 5: FUTURE VALUE OF A SINGLE SUM VERSUS AN ANNUITY You...
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EXERCISE 5: FUTURE VALUE OF A SINGLE SUM VERSUS AN ANNUITY You have a choice between receiving (1) a $50,000 payment today, and (2) a $7,500 annuity for the next 10 years and a lump-sum amount of $20,000 at the end of the 10th year. If money is worth 10%, which option is the most attractive
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