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You have two retirement plan options: A: You will receive annual equal payments of $20,000, beginning 40 years from now for 10 years. B: You
You have two retirement plan options:
A: You will receive annual equal payments of $20,000, beginning 40 years from now for 10 years.
B: You will receive a $100,000 lump sum 40 years from now.
Which plan would you choose? (Interest rate = %6 annually)
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