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With a nominal annual interest rate of 6.0%, compounded monthly, at the end of 1 year, would you rather: Receive 12 equal payments (appropriately timed

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With a nominal annual interest rate of 6.0%, compounded monthly, at the end of 1 year, would you rather: Receive 12 equal payments (appropriately timed according to our basic cash flow diagrams) of $1,291.00 Receive $15,000 today Receive $16,025 at the end of the year Not enough information None of the above

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