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Suppose you have the options of receiving $10,000 immediately or perpetual payments of $650 per year. Assuming 7% interest rate, which is the better choice
Suppose you have the options of receiving $10,000 immediately or perpetual payments of $650 per year. Assuming 7% interest rate, which is the better choice in terms of present value? A. perpetual $650 every year OB.indifferent OC. no way to judge OD. immediate $10,000
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