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Iris will receive $1.08 million in 50 years. The discount rate is 12%. As an alternative, she can receive $3,240 today. Which should she choose?

Iris will receive $1.08 million in 50 years. The discount rate is 12%. As an alternative, she can receive $3,240 today. Which should she choose? Use Appendix B to calculate the answer. Multiple Choice she should be indifferent. the $1.08 million dollars in 50 years. $3,240 today. need more information

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