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Check my work As winner of a breakfast cereal competition, you can choose one of the following prizes: a. If the interest rate is 15%,
Check my work As winner of a breakfast cereal competition, you can choose one of the following prizes: a. If the interest rate is 15%, find the PV for each of the prizes. (Do not round intermediate calculations. Round your answer to 2 decimal places.) PV $110000 now. $181000 at the end of five years. $14400 a year forever. $19500 for each of 10 years. $6600 next year and increasing thereafter by 8% a year forever. b. Which is the most valuable prize? O $110,000 now. O $181,000 at the end of five years. $14,400 a year forever. $19,500 for each of 10 years. $6,600 next year and increasing thereafter by 8% a year forever
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