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Which alternative should he choose

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Question - Mr Sinishaw is planning to retire this year. His company can pay him a lump sum retirement payment of Br 200,000 or Br 25,000 lifetime annuity-whichever he chooses. Mr Sinishaw is in good health and estimates to live for at least 20 more years. If his interest rate is 12 per cent, which alternative should he choose?

Reference no: EM132857304

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