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You received an inheritance and were given a choice of one of the following two offers: Option A: $7,600 on the end of each year
You received an inheritance and were given a choice of one of the following two offers: Option A: $7,600 on the end of each year for 25 years Option B: $70,000 as a lump sum payment today You can earn 9.00 percent on your investments. Which option should you choose? Why? How would your answer change if any if interest rates are expected to increase over the next few years? Explain your answer using the appropriate equations. Your explanation determines your grade. Show all your work and relevant equations
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