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1. Delia has a choice between $30,000 in 50 years or $650 today. If long term rates are 8 percent, what should be her choice?

1. Delia has a choice between $30,000 in 50 years or $650 today. If long term rates are 8 percent, what should be her choice? (Hint:- Calculate PV of $30,000 and compare it with $650 to see if its more than or less than $650)

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