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an investor is faced with two options, investing in an annuity where the investor pays 500 per month at the beginning of the month for

an investor is faced with two options, investing in an annuity where the investor pays 500 per month at the beginning of the month for 36 months during the annuity accumulation phase or paying a lumps on 15000 in cash right now the current market interest rate in 9% supporting yourself with calculations recommend to the investor the decision they should make

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