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Your uncle offered you a choice between a lump sum payment of $ 5 , 0 0 0 today or an annuity of $ 1
Your uncle offered you a choice between a lump sum payment of $ today or an annuity of $ a year for fuvive years. which one do you prefer given an interest rate of percent?
A the lump sum
B the aninuity
C both options ace equally good
D cannot make a choice
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