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2 You have just received an inheritance from a relative. You can either receive a $200,000 lump-sum amount at the end of 10 years
2 You have just received an inheritance from a relative. You can either receive a $200,000 lump-sum amount at the end of 10 years or receive $14,000 at the end of the year for the next 10 years. If the desired rate of return is 12%, which alternative would you choose? (Use the PV tables provided) Receive $200,000 at the end of the 10th year Receive $14,000 at the end of each of the next 10 years
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