Sweepstakes and are offered option of receiving

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Reference no: EM131964592

You recently won the state of Alaska Permanent Fund Sweepstakes and are offered the option of receiving either $50,000 today or$9,500 at the end of each of the next five years. Ignoring taxes and assuming a discount rate of 3% which option would you prefer and why, please show your work.

Reference no: EM131964592

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