You are the beneficiary of a life insurance policy. The insurance company informs you that you have
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Question:
You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving insurance proceeds. you can receive a lump sum of $250,000 today or receive payments of 1,400 a month for 20 years. you can earn 6% on your money. which option should you take?
Please show all working like fv, pmt, pv etc
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