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Your uncle is offering you a deal: - To pay you at the end of every month, 1000EUR, during 15 years with a growing rate

Your uncle is offering you a deal:

- To pay you at the end of every month, 1000EUR, during 15 years with a growing rate of 2% annually and an interest rate of 5% during the whole period.

- Or paying you right now 20,000EUR

Confirm which option you would choose and why

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