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5. You have the opportunity to choose between a lump sum of $3,000 today or a $1,000 five (5)-year annuity investe at 8%. Assuming you

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5. You have the opportunity to choose between a lump sum of $3,000 today or a $1,000 five (5)-year annuity investe at 8%. Assuming you are not indifferent, which one should you choose? 6.Suppose you put $5,000 in a bank that advertises paying 3% quarterly. How much would you have after 3 years

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