Question: Consider the following two plans. Plan A: To receive $5,000 per year for 10 years. Plan B: To receive $4,000 per year for 15 years.

Consider the following two plans. Plan A: To receive $5,000 per year for 10 years. Plan B: To receive $4,000 per year for 15 years. If interest rate is 5 percent, which plan is better? Explain your reasoning.

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