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you are the beneficiary of a life insurance policy. the insurance company gives 2 options. either reveive a lump sum of 50,000 today or recieve
you are the beneficiary of a life insurance policy. the insurance company gives 2 options.
either reveive a lump sum of 50,000 today or recieve a fixed payment of $641 a month for 10 years.
You earn 6.5% on your money.
show your working on both situations and which one is a better option, and why.
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