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Tom has a contract and will be receiving $450,000 a year for the next 25 years. A company wants to buy out the remainder of
Tom has a contract and will be receiving $450,000 a year for the next 25 years. A company wants to buy out the remainder of the contract for 5,000,000. Tom has a desired rate of return of 1.5% should Tom take the 5,000,000 buyout?
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