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Mathematics, 21.07.2019 15:30 bridgettebach
Rehan has been awarded some money in a settlement. he has the option to take a lump sum payment of $170,000 or get paid an annuity of $1,000 per month for the next 20 years. which is the better deal for rehan, and by how much, assuming the growth rate of the economy is 3.05% per year?
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