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Which option should you take and why

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Question - You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving the insurance proceeds. You can receive a lump sum of $325,000 today or receive payments of $25,000 a year for 25 years. You can earn 6 percent on your money. Which option should you take and why?

Reference no: EM133099343

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