Question: Would you rather receive $ 1,000 a year for 10 years or $800 a year for 15 years if the interest rate is 5%? What

Would you rather receive $ 1,000 a year for 10 years or $800 a year for 15 years if the interest rate is 5%? What if the interest rate is 20%?

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You should compare the present values of the two annuities ... View full answer

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