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Which payment option would you prefer

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You need a kidney replacement and thus you will be paying for it. The doctor offers you two options to pay: $4000 in 4 years or $6500 in 10 years. The current discount rate is 8%.

Which payment option would you prefer?

A. $4000 in 4 years
B. $10000 in 10 years
C. Both are the same

Reference no: EM13939286

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