Value of a single amount versus a mixed stream Personal finance protiem Gina Viale has...
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Value of a single amount versus a mixed stream Personal finance protiem Gina Viale has just contracted to soll a small parcel of land that she inherited a feew years ago The buyer is wiling to pay $23.891 now, or the buyer will make a selies of payments stating now and coctimuing at annual intervals stiown in the following table doesn' really noed the money today, she plans to let it accurmilate in an account that eams 5% ancual icterest. Given her desire to bicy a hawse five years aftor seling the fot, ahe decides to choose the payment ahternative-elther the lump sum or the mixed stream-that provides the higher fiture value at the end of 5 years Which alteenative will the choose? The future value. FVn, of the lump tum deposit is $ (Round to the nearest cent) Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.)
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