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Consider the following scenarios: A. A lump sum of $100,000 today B. A lump sum of $500,000 in 30 years C. A 30-year annuity of
Consider the following scenarios: A. A lump sum of $100,000 today B. A lump sum of $500,000 in 30 years C. A 30-year annuity of $7,000 starting today.. If the appropriate interest rate is 5.00 percent, which option should you choose
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