Mathematics, 24.03.2021 20:40 turtlesage21
Select the correct answer from each drop-down menu.
John is preparing to retire, and he knows he'll receive a pension from his
company. The pension will pay John $25,000 per year
for 20 years. A lump-sum payment of $500,000 today is also an option for John, and the account John would use for that money
would pay interest of 3% per year, compounded annually.
Since the present value of all the yearly pension payments is
John should choose the
option for his pension.
Answers: 1
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Select the correct answer from each drop-down menu.
John is preparing to retire, and he knows he'll...
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