Ask Question
18 January, 19:44

You are the beneficiary of a life insurance policy. the insurance company offers two options for receiving the proceeds: a lump sum of $50,000 today or payments of $550 a month for ten years. if you can earn 6 percent, compounded monthly, which option should you take and why?

+1
Answers (1)
  1. 18 January, 22:45
    0
    Take the $550 per month for monthly income as after ten years it would reach the same amount just in a longer period of time
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You are the beneficiary of a life insurance policy. the insurance company offers two options for receiving the proceeds: a lump sum of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers