Julia baker died leaving to her husband brent an insurance

Reference no: EM13586617

Julia Baker died, leaving to her husband Brent an insurance policy contract that provides that the beneficiary (Brent) can choose any one of the following four options

(a) $55,000 immediate cash

(b) $4,000 every 3 months payable at the end of each quarter for 5 years

(d) $4,000 every 3 months for 3 years and $1,500 each quarter for the following 25 quarters, all payments payable at the end of each quarter

Instructions:

If money is worth 2.5% per quarter compounded quarterly, which option would you recommend that Brent exercise?

Reference no: EM13586617

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