You win a grand prize you have two options 1 take 100000


You win a grand prize. You have two options. 1.) Take $100,000 today, or 2.) receive $121,000 in five years. You chose the first option, and decide to invest it for 5 years. What is the lowest APY that you would want to make sure you made the right choice?

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Financial Accounting: You win a grand prize you have two options 1 take 100000
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