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I feel like I am close to the answer but missed a step? Your father offers you a choice of $135,000 in 10 years or
I feel like I am close to the answer but missed a step?
Your father offers you a choice of $135,000 in 10 years or $50,000 today, Use ApRendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methocts. Q-1. If money is discounted at 9 percent, what is the present value of the $135,000 ? Note: Do not round intermediote colculations. Round your final answer to 2 decimal places. 0.2 . Which offer should you choose? $50,000today$135,000in10years b.1. Now assume the offer is $135,000 in 7 years or $50,000 today. What is the present value of the $135,000 at 9 percent for 7 years? Note: Do not round intermediote calculations. Round your final answer to 2 decimal ploces. b-2.Now, which offer should you choose? $135,000in7years$50,000today Preurut tale of 81 PV Step by Step Solution
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