You are offered the choice of the following two income streams; - $10,000 every 3 years in

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You are offered the choice of the following two income streams; -

$10,000 every 3 years in perpetuity with the first receipt immediately.

$800 every month for 15 years with the first receipt at the end of the first month.

The annual effective interest rate is 6% pa.

Which income stream do you choose?

Posted Date: May 18, 2024 02:14 PM

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You are offered the choice of the following two income streams; - $10,000 every 3 years in

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