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Saras stepmother is giving her two options for her birthday present: a) She can have $4000 of cash today, and a $400 a year from
Saras stepmother is giving her two options for her birthday present: a) She can have $4000 of cash today, and a $400 a year from today, or b) Get a $350 today and $4100 of cash next year. What is her best option if interest rate is 4%.
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