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You have received 500,000 as an unexpected heritage. Banks are aware of that, and they want to attract you as new customer/investor. You have to

You have received 500,000 as an unexpected heritage. Banks are aware of that, and they want to attract you as new customer/investor. You have to explain some financial concepts to your couple and take also some decisions about what to do with that money. Please prepare your responses and answer the following questions according to the following data given by the banks:

1- Explain, in your own words, the difference between a constant and a growing annuity to your couple

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