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18. (Present-value comparison)You are offered $90,000 today or $320,000 in 11 years. Assuming that you can earn 15 percent on your money, which should you

18. (Present-value comparison)You are offered $90,000 today or $320,000 in 11 years. Assuming that you can earn 15 percent on your money, which should you choose?

If you are offered $320,000 in 11 years and you can earn 15 percent on your money, what is the present value of $320,000?

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