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Given an annual interest rate of 4%, which would be more valuable: 1 1. To receive $1,000 per year indefinitely, 2. To receive $2,000 per
Given an annual interest rate of 4%, which would be more valuable: 1 1. To receive $1,000 per year indefinitely, 2. To receive $2,000 per year for 15 years, or 3. To receive $20,000 as a lump sum? Select the correct answer below: O $1,000 per year indefinitely O $2,000 per year for 15 years O $20,000 as a lump sum O All three options have the same value
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