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discount rate to these amounts? The present values of lan and Sunny's monies are equal. In future dollars, Sunny's money is worth more than lan's
discount rate to these amounts?
The present values of lan and Sunny's monies are equal.
In future dollars, Sunny's money is worth more than lan's money.
In today's dollars, lan's money is worth more than Sunny's.
Twenty years from now, the value of lan's money will be equal to the value of Sunny's money.
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