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A generous donor intends to give the West Chester University Foundation a donationbut has presented the Foundation with two options for the donation: $675,000 today
A generous donor intends to give the West Chester University Foundation a donationbut has presented the Foundation with two options for the donation: $675,000 today or $925,000 in ten years. Given the Foundation can invest money at 9% interest (and inflation is currently at 1%), calculate the return on investment for the two options and advise the Foundation as to whether they should take the money now or wait.
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