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Q.4 You have been given a choice between two retirement policies as described below. Policy A: You will receive equal annual payments of $10,000 beginning

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Q.4 You have been given a choice between two retirement policies as described below. Policy A: You will receive equal annual payments of $10,000 beginning 35 years from now for 10 years. Policy B: You will receive one lump-sum of $100,000 in 40 years from now. Which policy would you choose? Assume rate of interest is 6 percent

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