You have three choices of retirement plans a 1 million at, Financial Management

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You have three choices of retirement plans a 1 million at

You have three choices of retirement plans:

a) $1 million at the end of 20 years,

b) $1,500 at the end of each month for 20 years, or

c) $23,000 at the end of each year for 20 years.

Assuming you can earn 8% interest, which one should you choose:?

(hint: compare the future values) Need speific calculations with excel and financial calculator

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