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Susan Wilson died, leaving to her husband Charles an insurance policy contract that provides that the beneficiary (Charles) can choose any one of the following
Susan Wilson died, leaving to her husband Charles an insurance policy contract that provides that the beneficiary (Charles) can choose any one of the following four options. Money is worth 2.5% per quarter, compounded quarterly. Compute Present value if: Click here to view factor tables. Your answer is correct. a. $59,630 immediate cash. Present value $ Your answer is correct. b. $4,110 every 3 months payable at the end of each quarter for 5 years. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Present value $ eTextbook and Media Your answer is correct. c. $19,170 immediate cash and $1,917 every 3 months for 10 years, payable at the beginning of each 3-month period. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Present value $ d. $4,110 every 3 months for 3 years and $1,530 each quarter for the following 25 quarters, all payments payable at the end of each quarter. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Present value $ eTextbook and Media Your answer is incorrect. Which option would you recommend that Charles exercise
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