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5. You are planning for retirement and are evaluating 3 investment options. Option 1 is a 15 year ordinary annuity that will pay you $5,000

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5. You are planning for retirement and are evaluating 3 investment options. Option 1 is a 15 year ordinary annuity that will pay you $5,000 each year, Option 2 is a 10 year annuity due that will pay $6,000 each year and option 3 is a perpetuity that will pay $3.500 each year. Each of the three investments has an annual interest rate of 7%. Which investment has the lowest upfront cost for you to invest in today? Long Calculation (25 Points Each) WORK

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