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need answers for 5 , and the points The heirs to a family fortune have chosen to donate some specified amount to a local non-profit

need answers for 5 , and the points
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The heirs to a family fortune have chosen to donate some specified amount to a local non-profit health system. Through their financial advisors, they have offered the provider a choice between the payment of $60,000 per year into perpetuity starting today or a one-time lump sum payment of $700,000 today. - Which of the two options is preferable from a present value standpoint if the appropriate discount rate is 5% ? - Which of the two options is preferable from a present value standpoint if the appropriate discount rate is 13%

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