You have the option of receiving a revenue stream of $575,000 per year for the next 12 years, or to receive a single pay

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answerhappygod
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You have the option of receiving a revenue stream of $575,000 per year for the next 12 years, or to receive a single pay

Post by answerhappygod »

You have the option of receiving a revenue stream of $575,000
per year for the next 12 years, or to receive a
single payment of $6,750,020 today. Which option should you
choose?
Bank interest rates are 5.00% per year, compounded annually.
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