Wilma Golding is retiring and has the option to take her retirement as a lump sum of

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Wilma Golding is retiring and has the option to take her retirement as a lump sum of 225000 or to receive 24000 per year for 20 years Wilma's required rate of return is 8 percent.

requirement

Assuming that Wilma Golding will live for another 20 years, should she take the lump sum or the annuity?

Related Book For answer-question

Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Posted Date: Jan 09, 2021 10:26 AM

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Wilma Golding is retiring and has the option to take her retirement as a lump sum of

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Present vaue of 24000 for 20 years at 8 24... View the full answer

Macroeconomics

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