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It's January 1st. You are given the option of receiving $1000 today, or $510 at the end of June and 520 at the end of

It's January 1st. You are given the option of receiving $1000 today, or $510 at the end of June and 520 at the end of December.


If you assume a market rate of 4% APR compounding monthly, which option is better?

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