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Your aunt has offered you a choice of one of the four following alternatives: $10,000 now; $1,000 a year for 5 years; to pay for
Your aunt has offered you a choice of one of the four following alternatives: $10,000 now; $1,000 a year for 5 years; to pay for your $12,000 wedding one year from now; or $15,000 at the end of 10 years. Assuming you could earn 10annually, which alternative should you choose?
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