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Iris will receive $1.03 million in 25 years. The discount rate is 10%. As an alternative, she can receive $94,760 today. Which should she choose?
Iris will receive $1.03 million in 25 years. The discount rate is 10%. As an alternative, she can receive $94,760 today. Which should she choose?
Multiple Choice
the $1.03 million dollars in 25 years.
$94,760 today.
she should be indifferent.
need more information.
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