ectou ACCOUNTING Chapter 11 Question 3 (of 3 3· 3.00 points Ater completing a lo

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ectou ACCOUNTING Chapter 11 Question 3 (of 3 3· 3.00 points Ater completing a long and successfull career as senior vice president for a lape bank, you are preparing for retrement. After visiting the human resources office, you have found that you have several retirement options to choose from a·Animmodate payment of S1 mln. b. Payment of $92,000 per year for life. c. Payment of $82,000 per year for 10 years and then 95,000 per year for life (this option is intended to give you some protection against inflation). You belen you can earn 8peoent on your investrerts and your Required: aningapi trey 20 yers 1Calculate the present value of each option. (Euture Value of $1. Present Value of S1. Euture Value Ann-ty($1. Prosent Value AntyofS1 ) (use appropriate factors) from the table, provided your answers in dollars but not in millions ) Option A 8 Option Option C

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ectou ACCOUNTING Chapter 11 Question 3 (of 3 3· 3.00 points Ater completing a lo

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