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ACCT 382 - Week 6 - Chapter 6 Homework - Question 7

ACCT 382 - Week 6 - Chapter 6 Homework - Question 7
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ACCT 382 - Week 6 - Chapter 6 Homework - Question 7

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Question 7
Answer each of the following independent questions.
Required:
Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $64,000 cash immediately, (2) $20,000 cash immediately and a six-period annuity of $8,000 beginning one year from today, or (3) a six-period annuity of $13,000 beginning one year from today. (FV of $1, PV of $1,FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)