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GoodMad_ GoodMad_
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7 years ago
An annuity contract will pay you $4,000 a year (end of year) for the next three years. Or, you can choose to receive $12,610 at the end of the third. Assuming that you can earn 8% on investments, you should
A) choose to receive the $12,610 payment.
B) choose to receive the $4,000 annuity payments.
C) flip a coin to make the choice; each is equally attractive.
D) flip a coin to make the choice; each is equally unattractive.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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bzapianbzapian
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GoodMad_ Author
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#2
7 years ago
I'll mark it solved, you deserve it
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