Question: You win a contest for which you get to pick your prize. Your options are: a. $1,000 in the first month, $2,000 in the second

You win a contest for which you get to pick your prize. Your options are: a. $1,000 in the first month, $2,000 in the second month, $3,000 in the third month and so on for one year; b. $5,000 per month for one year; c. $12,000 in the first month, $11,000 in the second month, $10,000 in the third month and so on for one year. Which prize should you pick?John deposits $2,000 per year at the end of the year for the next 20 years into an IRA account that pays 6%. How much will John have on deposit at the end of 20 years

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