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Posted on Jul 20, 2024

Imagine you are offered a lump sum payment of $15000 today (Option 1) or $19000 at the end of five years (Option 2) or $25000

Imagine you are offered a lump sum payment of $15000 today (Option 1) or $19000 at the end of five years (Option 2) or $25000 at the end of seven years (Option 3), the appropriate interest rate is 6%. Which option should you chose and why?

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