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Q1. Your grandfather would like to share some of his fortunes with you. He offers to give you money under one of the following scenarios

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Q1. Your grandfather would like to share some of his fortunes with you. He offers to give you money under one of the following scenarios (you get to choose): 1. $8,550 per year at the end of each of the next seven years 2. $48,350 (lump sum) now 3. $100,250 (lump sum) seven years from now

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