(e) A person is off ered a gift of $5000 now or $8000 fi ve years from...

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(e) A person is off ered a gift of $5000 now or $8000 fi ve years from now. If such funds could be expected to earn 8 percent over the next fi ve years, which is the better choice?

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Personal Finance

ISBN: 9781439039021

10th Edition

Authors: E Thomas Garman, Raymond E Forgue

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