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Business, 25.02.2020 16:29 lisapcarroll

You have won a contest and are allowed to choose between two prizes. One option is to receive$200 today and another $200 one year from now. The second option is $100 today and anadditional $325 one year from now. At what interest rate (if any) is the present value of the twoprizes identical?A) 0 percentB) 5 percentC) 25 percentD)10 percentE) none of the above

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