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4. Several years ago John bought an endowment insurance policy that is about to mature. He has the option of receiving $20,000 now or $40,000

4. Several years ago John bought an endowment insurance policy that is about to mature. He has the option of receiving $20,000 now or $40,000 in 10 years time. Because he has retired and pays no income tax, he could invest the money with interest rate expected to remain at 10% a year for the foreseeable future. Which option should he take?

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