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Analysis and reflection activity We have been awarded a grant of 1,000 per month for 5 years. The bank offers us three possibilities. Reference interest

Analysis and reflection activity We have been awarded a grant of 1,000 per month for 5 years. The bank offers us three possibilities. Reference interest rate 0.6%/month.

Receive 1,000 per month for 5 years.

Receive 50,000 right now.

Receive 72,000 at the end of year 5.

What would you do?

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Accounting Information Systems

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