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Jack expects to receive $1,000,000 in 30 years. His opportunity cost is 10% compounded monthly. What is this sum worth to Jack today? a. 56,401

Jack expects to receive $1,000,000 in 30 years. His opportunity cost is 10% compounded monthly. What is this sum worth to Jack today?

a. 56,401

b. 51,013

c. 50,410

d. 57,309

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