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39. Comparing Present Values You are being offered a half a million dollar retirement package to be given in $50,000 payments at the end of
39. Comparing Present Values You are being offered a "half a million dollar" retirement package to be given in $50,000 payments at the end of each of the next 10 years. You are also given the option of ac- cepting a $350,000 lump sum payment now. Interest rates are at 9% per year. Which looks the better to you? Why
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
