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Several years ago a couple bought an endowment insurance policy that has recently matured. They have the option of receiving Tshs 20,000,000 now or Tshs

Several years ago a couple bought an endowment insurance policy that has recently matured. They have the option of receiving Tshs 20,000,000 now or Tshs 40,000,000 in 10 years' time. Because they have retired and pay no income tax, they could invest the money with a real interest rate expected to remain at 10% a year for the foreseeable future. Which option should they take and why?

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