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d. You have just won a puzzle contest where you were offered two choice of prizes that is whether to accept RM60,000 today or RM12,000

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d. You have just won a puzzle contest where you were offered two choice of prizes that is whether to accept RM60,000 today or RM12,000 at the end of each year for 5 consecutive years. If the cashflow is discounted at a yearly rate of 12 percent and compounded twice a year, which choice would you choose

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