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Geraldine was injured in a car accident, and the insurance company has offered her the choice of $ 2 5 , 0 0 0 per
Geraldine was injured in a car accident, and the insurance company has offered her
the choice of $ per year for years, with the first payment being made
today, or a lump sum. If a fair return is how large must the lump sum be to
leave her as well off financially as with the annuity?
$
$
$
$
$
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