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You wrote a popular YouTube song and are given the option of receiving $35,000 today from a recording company or royalties of $5,000 to be
You wrote a popular YouTube song and are given the option of receiving $35,000 today from a recording company or royalties of $5,000 to be paid at the beginning of each year for the next 10 years. At a discount rate of 5% which option would you choose? (Ignore taxes.) (Show your calculations)
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