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You have just won a puzzle contest where you were offered.Two choice of prizes that is whether to accept RM60,OOO today or RM12,OOO at the

You have just won a puzzle contest where you were offered.Two choice of prizes that is whether to accept RM60,OOO today or RM12,OOO at the end of each year for 5 consecutive years.

If the cash flow is discounted at a yearly rate of 12 percent and compounded Twice a year, which choice would you choose?Explain?

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