22. Mr Sundaram is planning to retire this year. Hist company can pay him a lump sum...
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22. Mr Sundaram is planning to retire this year. Hist company can pay him a lump sum retirement payment of 2,00,000 or 25,000 lifetime annuity-whichever be chooses. Mr. Sundaram is in good health and estimates to live for at least 20 more years. If his interest rate is 12 per cent, which alternative should he choose?
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