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Wilma Golding is retiring and has the option to take her retirement as a lump sum of 225000 or to receive 24000 per year for
Wilma Golding is retiring and has the option to take her retirement as a lump sum of 225000 or to receive 24000 per year for 20 years Wilma's required rate of return is 8 percent.
requirement
Assuming that Wilma Golding will live for another 20 years, should she take the lump sum or the annuity?
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
