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Which method would be the best choice

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a. If you save $10,000 per year for 4 years assuming an interest rate of 7%, how much money would you have?

b. Suppose you win a small lottery. You can receive $9,000 now or you can receive $2,100 a year for the next 5 years. Assume 6% interest rate. Which method would be the best choice?

Reference no: EM131492824

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