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Beneficiary of a life insurance policy

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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 300000 today or receive payments of 3255.78 a month for 10 years. You can earn 7.5 percent on your money. Which option should you take?

Reference no: EM131908372

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