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You have two options: From option A, you will receive $200 for eight quarters starting from the end of the first quarter. From option B,

You have two options: From option A, you will receive $200 for eight quarters starting from the end of the first quarter. From option B, you will receive $195 for eight quarters starting from the beginning of the first quarter. If the interest rate is 4% compounded quarterly, which one has a higher present value today?

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