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4. You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving the insurance proceeds.

4. You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving the insurance proceeds. You can receive a lump sum of $150,000 today or receive payments of $1,627.89 a month for 10 years. You can earn 7.5 percent on your money. Which option should you take and why

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