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Question 13: Problem: You have a choice a) $100 paid to you at the end of each of the next 3 years or b) b)

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Question 13: Problem: You have a choice a) $100 paid to you at the end of each of the next 3 years or b) b) a lump sum today. = 5%, since you would invest the money at this rate if you had it. How big does the lump sum have to be to make the choices equally good

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