23. Which alternative would you choose: (a) an annuity of 5,000 at the end of each year...
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23. Which alternative would you choose:
(a) an annuity of 5,000 at the end of each year for 30 years;
(b) an annuity of 6,600 at the end of each year for 20 years;
(c) *50,000, in cash right now? In each case, the time value of money is 10 per cent.
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