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You have won a contest which gives you the choice between receiving a $12,000 prize in 3 years or $15,000 prize in 6 years. You

You have won a contest which gives you the choice between receiving a $12,000 prize in 3 years or $15,000 prize in 6 years. You will not need money until 10 years from now. Which prize should you choose if the interest rate is 5%? Why?

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