Question: exercise 3: present values and future values Suppose you were offered the following options: a 10-year annuity of $10,000 at the end of each year

exercise 3: present values and future values

Suppose you were offered the following options: a 10-year annuity of $10,000 at the end of each year or a $60,000 lump-sum payment today. Which option would you prefer? Explain your decision.

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