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You have been awarded monthly payments of 2800 for 15 years as an insurance settlement ABC Finance has offered to pay you a lump sum

You have been awarded monthly payments of 2800 for 15 years as an insurance settlement ABC Finance has offered to pay you a lump sum amount today in exchange for your annuity stream. When determining the price to be paid today will you or will ABC prefer a lower discount rate over a higher discount rate. Explain your reasoning.

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