Question: You are retiring from your job and are given two options. You can accept a lump sum payment from the company, or you can accept

You are retiring from your job and are given two options. You can accept a lump sum payment from the company, or you can accept a smaller annual payment that will continue for as long as you live. How would you decide which option is best? What information do you need?

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The best option is the one that has the highest present discounted value The lump sum payment ... View full answer

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