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You have a choice of receiving $7,500 at the end of 4 years or receiving $6,300 today. Assume that interest rates are at 3.5% and

You have a choice of receiving $7,500 at the end of 4 years or receiving $6,300 today. Assume that interest rates are at 3.5% and are not expected to change. Which choice do you prefer and why? Provide numerical solution.

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