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A man inherited a regular endowment of 100,000 every end of 3 months for 10 years. However, hey may choose to get a single lump

A man inherited a regular endowment of 100,000 every end of 3 months for 10 years. However, hey may choose to get a single lump sum payment at the end of 4 years. How much is the cost of the lump sum if the cost of money is 14% compounded quarterly.

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