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CONGRATULATIONS! You have just been given a $15,000 bonus at work. You are given two choices for the delivery of the bonus: Receive $15,000 today

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CONGRATULATIONS! You have just been given a $15,000 bonus at work. You are given two choices for the delivery of the bonus: Receive $15,000 today Receive $15,850 one year from today . Further information which you may consider in your decision: o Inflation rate is 5% per annum. o Interest rate on bank deposits is 10% per annum. Based on what you know about the Time Value of Money, please choose one option and fully explain your rationale and show any calculations

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