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An investor offers you the opportunity to purchase a parcel of vacant land for $100,000 cash, payable now (option A), or for $40,000 cash now
An investor offers you the opportunity to purchase a parcel of vacant land for $100,000 cash, payable now (option A), or for $40,000 cash now plus $70,000 cash at the end of 6 years (option B). If interest accrues at 8% per year, which option is better? A or B? Show your work!
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