You will receive a $20,000 insurance payment in 12 months. If you are willing to accept a

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You will receive a $20,000 insurance payment in 12 months. If you are willing to accept a reduced payment, you can be paid in 11 months. Would you be willing to accept 

  • $19,800? 
  • $19,500? 
  • $19,000? 
  • Less?
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