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Suppose your employer gives you a choice of how to take your annual bonus either R 2 3 0 0 0 in a lump sum

Suppose your employer gives you a choice of how to take your annual bonus either R 23000 in a lump sum now or R 1800 each month for the next 12 months. If interest is compounded monthly at 15% p.a. which option would be better? Give a reason for your answer.

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