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Jill has won a legal settlement in which she will receive $10,000 a year for 5 years. The appropriate discount rate is 10% APR compounded

Jill has won a legal settlement in which she will receive $10,000 a year for 5 years. The appropriate discount rate is 10% APR compounded semiannually. Jill wants to begin receiving the payments immediately, but the opposing lawyer, Jack, is arguing for the payments to be made at the end of each year for the next 5 years. How much more valuable is Jills proposed settlement than Jacks?

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