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You have a bonus option at work you can accept only one of the following: $1000 today $10,000 in 10 years $15,000 in 15 years

You have a bonus option at work you can accept only one of the following:

$1000 today

$10,000 in 10 years

$15,000 in 15 years

$25,000 in 20 years

If the current interest rate (and it will lock in) is 4%, which option is the best for you to select? Discuss your reasoning, process, and decision in detail. Use the concepts in our chapter to solve this problem

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