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You have just recelved an inheritance from a relative. You can either receive a $60,000 lump-sum amount now or recelve $10,000 at the end of

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You have just recelved an inheritance from a relative. You can either receive a $60,000 lump-sum amount now or recelve $10,000 at the end of each year for the next 10 years. If your discount rate is 12%, which alternative would you prefer? (the PV of $1 Factor for 12%,10 periods is 0.322 ; the PV of an Annulty Factor for 12%,10 periods is 5.650 ) Multiple Choice Take lump sum amount of $60,000 now. Take the $10,000 each year for the next 10 years

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