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(a) You have just won a prize with the following options to choose from. Option 1: Receive $100,000 today Option 2: Receive $10,500 per annum

(a) You have just won a prize with the following options to choose from. Option 1: Receive $100,000 today Option 2: Receive $10,500 per annum for 10 years, starting with the first payment today. ...

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