You have just learned that you are a beneficiary in the will of your late Aunt Susan. The executrix of her estate has given you three options as to how you may receive your inheritance:

a. You may receive $63,000 immediately.

b. You may receive $86,000 at the end of five years.

c. You may receive $20,000 at the end of each year for five years (a total of $10,000).

Required:
If you can invest money at a 11% return, which option would you prefer?

Answer rating: 100% (QA)

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