Question
You have been given a choice between two retirement policies as described below. Policy A: You will receive equal annual payments of $10,000 beginning 35
You have been given a choice between two retirement policies as described below.
Policy A: You will receive equal annual payments of $10,000 beginning 35 years from now for 10 years. Policy B: You will receive one lump-sum of $100,000 in 40 years from now.
there was no interest provided so im thinking I have to solve for it but it seems confusing
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I understand your concern Since there is no interest rate provided we cant directly calculate the pr...
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
