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(Solution Download) Julie has just retired. Her companyAc??cs retirement program has two options as to how retirement


 

 

 

 

 

 

 

 

 

 

 

 

 

Julie has

 

just retired. Her companyAc??cs retirement program has two options as

 

to how retirement benefits can be received. Under the first option,

 

Julie would receive a lump sum of $142,000 immediately as her full

 

retirement benefit. Under the second option, she would receive

 

$21,000 each year for five years plus a lump-sum payment of $61,000

 

at the end of the five-year period.

 

Click here to view Exhibit

 

13B-1 and Exhibit

 

13B-2, to determine the appropriate discount factor(s) using

 

tables.

 

 

     

 

 

 

 

 

 

 

 

 

 

 

Required:

 

1a.

 

Calculate the

 

present value for the following assuming that the money can be

 

invested at 14%.(Round

 

discount factor(s) to 3 decimal places.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

f you can invest money at a 14% return, which option would

 

you prefer?

 

 

 

 

 

 

 

 

 

 

 

 

First

 

option

Second

 

option

 

 

 


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