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If I were to offer you (a) $18,000 in ten years or (b) $1,250 per year for 13 years, and your opportunity rate was 8.7%,

If I were to offer you (a) $18,000 in ten years or (b) $1,250 per year for 13 years, and your opportunity rate was 8.7%, which offer would you prefer? Use present value concepts only

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