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9 . John was injured in an accident and the insurance company has offered him the choice of $ 4 0 , 0 0 0
John was injured in an accident and the insurance company has offered him the choice of $ per year for years with the first payment being made today, or a lump sum to be paid off today. If the required rate of return is what should be the present value of this lump sum amount be today? a $ b$ c$ d$ e$
John was injured in an accident and the insurance company has offered him the choice of $ per year for years with the first payment being made today, or a lump sum to be paid off today. If the required rate of return is what should be the present value of this lump sum amount be today?
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