You have a choice of receiving $8,000 each year beginning at age 62 and ending when you
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You have a choice of receiving $8,000 each year beginning at age 62 and ending when you die or receiving $10,000 each year beginning at age 65 and ending when you die. If you think you can earn an 8 percent annual return on your investments, which will net the largest amount? You may assume that the person dies at age 100.
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Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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