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3.You are given the option of receiving a lump sum of $20,000 now or an annuity of $2000 per year for 10 years. Which of

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3.You are given the option of receiving a lump sum of $20,000 now or an annuity of $2000 per year for 10 years. Which of the following is correct? a. You cannot choose between the two without computing present values. b. You cannot choose between the two without computing future values. c. The lump sum is preferable for any positive interest rate d.The annuity is preferable for any positive interest rate

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