Julie has just retired. Her company's retirement program has two options as to how retirement...
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Julie has just retired. Her company's retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $120,000 immediately as her full retirement benefit. Under the second option, she would receive $15,000 each year for 10 years plus a lump-sum payment of $50,000 at the end of the 10-year periocd
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