You have been awarded monthly payments of $2,800 for 15 years as an insurance settlement.ABC Finance has offered to pay you a lump sum amount today in exchange for your annuity stream.When determining the price to be paid today,will you or will ABC prefer a lower discount rate over a higher discount rate? Explain your reasoning.

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The Answer of You have been awarded monthly payments of $2,800 for 15 years as an insurance settlement.ABC Finance has offered to pay you a lump sum amount today in exchange for your annuity stream.When determining the price to be paid today,will you or will ABC prefer a lower discount rate over a higher discount rate? Explain your reasoning.

You Have Been Awarded Monthly Payments of $2,800 for 15