7. Your father will get a gratuity of *350,000 after 10 years from now on his retirement....
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7. Your father will get a gratuity of *350,000 after 10 years from now on his retirement. His employer has offered to pay him 70,000 per year for 10 years. If your father's required rate of return is 1 per cent per annum, should he accept the offer?
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