Won the church spring raffle

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Reference no: EM13971873

You have won the church spring raffle. You are presented with three price choices, and you must pick the best one. The discount rate if 8%. Choice 1 = $4,800 payment one year from now; Choice 2 = 5 payments of $1,200 starting at the end of this year; Choice 3 = $1,000 payment today and $4,500 at the end of year 4.

Reference no: EM13971873

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