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n A man can sell his business for $800,000 cash or for $125,000 plus $123,000 at the end of each year for 9 years. a.

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n A man can sell his business for $800,000 cash or for $125,000 plus $123,000 at the end of each year for 9 years. a. Find the present value of the annuity that is offered if money is worth 10%, compounded annually b. If he takes the $800,000, spends $125,000 of it, and invests the rest in a 9-year annuity at 10%, compounded annually, what size annuity payment will he receive at the end of each year? c. Which is better, taking the $125,000 and the annuity or taking the cash settlement? ve a. Find the present value of the annuity that is offered if money is worth 10%, compounded annually nd (Type an integer or decimal rounded to the nearest cent as needed) Ani b. If he takes the $800,000, spends $125,000 of it, and invests the rest in a 9-year annuity at 10%, compounded annually, what size annuity payment wil he receive at the end of each year? l.ed s(Type an integer or decimal rounded to the nearest cent as needed) for c. Which is better, taking the $125,000 and the annuity or taking the cash settlement? Choose the correct choice below imple borro Cash settlement orrow $125,000 plus the annuity erest JS.edu nce P e 3-b: 10 quarter 1 deposits terest of Click to select your answer(s). @ -pearson Mathemare O FINAN ch WORM prive

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