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(ii) You have just won first division in the state lottery and have a choice between three alternatives as to how your prize is to

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(ii) You have just won first division in the state lottery and have a choice between three alternatives as to how your prize is to be received. option 1 you can get $100,000 now, or option 2 you get $10,000 per year in perpetuity, or option 3 you get $50,000 now and $150,000 at the end of 10 years. If the appropriate discount rate is 12% per annum, which option should you choose? - DE 10000 Provide calculations and explain your answer. Y - 0.12 [3 Marks)

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