24. Ms Punam is interested in a fixed annual income. She is offered three possible annuities. If...
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24. Ms Punam is interested in a fixed annual income. She is offered three possible annuities. If she could earn 8 per cent on her money elsewhere, which of the following alternatives, if any, would she choose? Why? [) Pay *80,000 now in order to receive 14,000 at the end of each year for the next 10 years. (i) Pay 1,50,000 now in order to receive 14.000 at the end of each year for the next 20 years. () Pay 1,20,000 now in order to receive 14,000 at the end of each year for the next 15 years.
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