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Sam was injured in an accident, and the insurance company has offered him the choice of either a lump sum or $50,000 per year for 15 years, with the first payment being made today. If Sam can cam a return of 6.5% per year, how large must the lump sum be to leave him as well off financially as with the annuity?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91825584

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