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Geraldo recently won a lottery and chose to receive $100,000 today instead of an equivalent amount in 10 years, computed using an 8 percent rate

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Geraldo recently won a lottery and chose to receive $100,000 today instead of an equivalent amount in 10 years, computed using an 8 percent rate of return. Today, he learned that interest rates are expected to increase in the future. Use Extibit. 3.1. Is this good news for Geraido given his decision? EXHIBIT 3-1 Present Value of a Single Payment at, Various Annual Rates of

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