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You have won a contest which gives you the choice between receiving a $16,000 prize in 4 years or $21,000 prize in 9 years. You

You have won a contest which gives you the choice between receiving a $16,000 prize in 4 years or $21,000 prize in 9 years. You will not need money until 6 years from now. Which prize should you choose if the interest rate is 8% (you can borrow and lend at 8%)? Why?

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