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As the winner of a competition you are entitled to $5,000 at the end of next year, with the amount growing at 10% p.a. for
As the winner of a competition you are entitled to $5,000 at the end of next year, with the amount growing at 10% p.a. for 10 years. Assuming the interest rate for valuing this prize is 5% p.a., the p...
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