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You are offered the choice of the following two income streams; - $7,000 every 2 years in perpetuity with the first receipt immediately. $2,000 every
You are offered the choice of the following two income streams; -
$7,000 every 2 years in perpetuity with the first receipt immediately.
$2,000 every quarter for 10 years with the first receipt at the end of the first quarter.
The annual interest rate is 6% pa compounded quarterly.
Which income stream do you choose?
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