You are the 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 $50,000 today or receive payments of $641 a month for ten years. You can earn 6.5% on your money. Which option should you take and why?

    • 10 years ago
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    You are the beneficiary of a life insurance policy.
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