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a b Having just won a crossword puzzle contest, you may take...

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Finance

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b

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Having just won a crossword puzzle contest, you may take your prize in any of three cash flow patterns. If money is worth 20% per year to you, which pattern would you most prefer? Which pattern would you least prefer? Pattern A B $200 0 0 2 $200 0 0 YEARS 3 $200 $1,000 $400 4 $200 0 $400 5 $200 0 $400 How much money must be invested each year in a sinking fund earning 7% per annum in order to have $30,000 accumulated after 15 years

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