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How much would you pay today to receive $50 in one year and $60 in the second year if you can earn 15 percent interest

How much would you pay today to receive $50 in one year and $60 in the second year if you can earn 15 percent interest on alternative investments of similar risk? a. $88.85. b. $89.41.

c. $98.43. d. $107.91. e. $110.00.

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