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You can invest $3,000 at the end of each of the next 20 years into a retirement account paying 10% ...

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You can invest $3,000 at the end of each of the next 20 years into a retirement account paying 10% ...

You can invest $3,000 at the end of each of the next 20 years into a retirement account paying 10% annual interest. Alternatively, you can enter into a retirement plan with your employer where, for every yearly (end-of-year) payment of $3,000 you make, the firm will contribute $1,500. Your employer's plan will also last for the next 20 years. The firm guarantees a return of 7% on its retirement plan. Which option is better?
A) Invest with your employer
B) Indifferent
C) Invest on your own

Textbook

Corporate Finance Online

Edition: 1^st

Authors: Eakins, McNally

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Blimp

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More solutions for this book are available here

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Pol. Sci. Major
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tetleyelmo Author

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Thanks

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