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2: Rajeev Gandhi died, leaving to his wife an insurance policy contract that provides beneficiary (wife) can choose any one of the following four options.
2: Rajeev Gandhi died, leaving to his wife an insurance policy contract that provides beneficiary (wife) can choose any one of the following four options. a. $55,000 immediate cash. b. $4,000 every 3 months payable at the end of each quarter for 5 years. c. $18,000 immediate cash and $1,800 every 3 months for 10 years, payable at the beginning of each 3-month period. d. $4,000 every 3 months for 3 years and $1,500 each quarter for the following 25 quarters, all payments payable at the end of each quarter. Instructions If annual interest rate 10% per, compounded quarterly, which option would you recommend that the wife exercise
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