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1 7 . Jon has the following options to receive payment for selling his boat: Option 1 : $ 5 0 0 0 today, $
Jon has the following options to receive payment for selling his boat:
Option: $ today, $ in months, and $ in months
Option : $ today and $ in months.
If money earns simple interest, find the economically equivalent value of the options in todays dollars. Which option is better for Jon? In todays dollars, what is the economic advantage of the preferred choice?
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