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The winner of a $10,000,000 prize has the following payment choices. If the interest rate is 10%, which choice is best? Select one: a. $10,000,000
The winner of a $10,000,000 prize has the following payment choices. If the interest rate is 10%, which choice is best?
Select one:
a. $10,000,000 now
b. $3,000,000 per year for 12 years
c. $2,000,000 per year for 50 years
d. All of choices are the same
e. $55,000,000 in 10 years
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