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# Question: as the winner of a song writing competition you can...

###### Question details

As the winner of a song writing competition, you can choose between the prizes listed below. If the interest rate is 8 percent, which prize is the most valuable?

 a. $100,000 now. b.$9,000 a year forever. c. $160,000 at the end of five years. d.$7,000 next year and increasing by 2.25 percent a year forever. e. \$16,500 each year for 10 years.