Essay
Today is your 30th birthday and you must choose between two retirement options.The first option will provide you with 10 equal annual payments of $100,000 beginning on your 65th birthday.The second option will provide you with one payment of $1,000,000 on your 70th birthday.If the interest rate is 6 percent per year and you are assured of living to at least 80 years of age,which option is better?
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