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An insurance policy offers you the option of being paid $750 per month for 20 years or a lump sum of $50,000. Which has the

An insurance policy offers you the option of being paid $750 per month for 20 years or a lump sum of $50,000. Which has the greater value if the current rate of return is 4.5% compounded monthly and you expect to live for at least 20 years?

(Please work out thoroughly, need to understand the work process)

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