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As the winner of the lottery, you may choose among the alternatives listed below. Which do you prefer if you can safely invest your
As the winner of the lottery, you may choose among the alternatives listed below. Which do you prefer if you can safely invest your money at 7%? $6,600 each year forever, the first payment to be received immediately. $10,000 for 15 years, the first payment occurring immediately. $14,000 annually for 15 years, the first payment to be received in 4 years. $150,000 in six years.
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