A family member is considering a retirement income stream with either cash flows of 30 years or

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A family member is considering a retirement income stream with either cash flows of 30 years or cash flows forever.Both options have cash flows of $5,000 occurring at the end of each period and an interest rate of 7% pa.The difference in the present values of the alternatives is closest to:

Posted Date: May 18, 2024 11:09 PM

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A family member is considering a retirement income stream with either cash flows of 30 years or

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