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2) A production facility for packaged produce offers to buy your farm. You have the choice of taking $1,500,000 today OR you can wait because

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2) A production facility for packaged produce offers to buy your farm. You have the choice of taking $1,500,000 today OR you can wait because you believe you can get $1,700,000 in 3 years. If the going interest rate is 5.5%, will you end up with more money in today's dollars if you take the payout today or wait 3 years? Show your calculations

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