Timothy is retiring from his job soon at which time his employer will make the...
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Accounting
Timothy is retiring from his job soon at which time his employer will make the following offer: A lumpsum amount of $ A sum of $ at the beginning of each month for the next years. If the average interest rate is likely to be pa for the next years, which option should Timothy choose?
Timothy is retiring from his job soon at which time his employer will
make the following offer:
A lumpsum amount of $
A sum of $ at the beginning of each month for the next
years.
If the average interest rate is likely to be pa for the next
years, which option should Timothy choose?
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