Your rich uncle has offered you a choice of one of the three following alternatives. Which one would you take?
a) $10,000 now
b) $2000 a year for 8 years -equal investments have earned 11%
c) $24, 000 at the end of 8 years – equal investments have earned 11%.
Your rich uncle has offered you a choice of one of the three following alternatives. Which one would you take?
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