Question: For the next 10 years, Debra will receive a $ 11000 check at the end of every year as part of an insurance settlement. (Round
For the next 10 years, Debra will receive a $ 11000 check at the end of every year as part of an insurance settlement. (Round your answer to the nearest dollar. Only round your final answer . Do not round intermediate steps.) a. Assuming she were to deposit that money into an annuity at 4.5% compounded continuously, how much would her annuity be worth at the end of the 10 years? b. She is offered one -time lump sum amount payment, the amount being what she would need now that would grow to the future value found in part (a) at the same percentage rate. What is that lump sum
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