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Your friend is going to give you a sum of money. He gives you two options. Option A . To receive ISK 1 million. as
Your friend is going to give you a sum of money. He gives you two options.
Option A To receive ISK million. as soon as ISK million. after years.
Option B To receive million ISK after years.
What does the interest rate need to be for options A and B to be equally good for you? Please show calculations step by step
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