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Value of a single amount versus a mixed stream Personal finance problem Gina Viale has just contracted to sell a small parcel of land that

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Value of a single amount versus a mixed stream Personal finance problem Gina Viale has just contracted to sell a small parcel of land that she inherited a ago. The buyer is willing to pay $24,582 at the closing of the transaction or will pay the amounts shown in the following table, EB. at the beginning of each of the net five years Because Gina doesn't really need the money today, she plans to let it accumulate in an account that earns 7% annual interest Given her desre to buy a house at the end of five years after closing on the sale of the lot, she decides to choose the payment alternative-$24,582 single amount or the mbxed stream of payments in the table- that provides the higher future value at the end of 5 years. Which alternative will she choose? The future value. Fvn, of the lump sum deposit is S (Round to the nearest cent) The future value of the mixed stream of payments is s (Round to the nearest cent) Which alternative will Gina choose? (Select the best answer below.) O Mixed stream of payments Lump sum deposit O Data Table (Click on the icon located on the top-right comer of the data table below in order to copy its contents into a spreadsheet.) Mixed Stream Beginning of year Cash Flow $2,000 $9,000 $8,000 $8,000 $4,000 Print Done

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