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If you receive an inheritance in the amount of $150,000 today or $25,000 each year, calculate the future value of both options by the end
If you receive an inheritance in the amount of $150,000 today or $25,000 each year, calculate the future value of both options by the end of the tenth year. Assume a 10% interest rate.
Option 1:$368,450; Option 2:$401,600
Option 1:$375,208; Option 2:$410,950
Option 1:$389,100; Option 2:$398,425
Option 1:$394,807; Option 2:$404,420
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