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your grandfather has offered you a choice of one of the 3 following alternatives: 1) $7,500 now 2) $2,200 a year for 9 years 3)$31,000
your grandfather has offered you a choice of one of the 3 following alternatives: 1) $7,500 now 2) $2,200 a year for 9 years 3)$31,000 at the end of 9 years assuming you could earn 10% annually, which alternatives should you choose? if you could earn 11% annually would you still choose the same alternatives?
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