1.Your Godmother left you an inheritance of $75,000, payable to you when you turn 26 years old....

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1.Your Godmother left you an inheritance of $75,000, payable to you when you turn 26 years old. You are now 21. Currently, the annual rate of interest that can be obtained by buying five-year bonds is 2.5 percent. Your mother offers you $60,000 cash right now to sign over your inheritance. Should you do it? Explain your answer.

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Principles Of Economics

ISBN: 9780135161104

13th Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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