You are the beneficiary of a life insurance policy which, Financial Management

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You are the beneficiary of a life insurance policy which

You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving the insurance proceeds. You can receive a sum payment of 50,000$ today pr receive payments of 641$ a month for 10 years. You can earn 6.5% on your money. Which option should you take if you are most concerned about the value today? How much will you save by taking it? Show work.

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