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Jason Mollett has the following choices: He can be offered $1,500 today, or $11,000 at the end of 12 years, or $25,000 at the end
Jason Mollett has the following choices:
-
- He can be offered $1,500 today,
- or $11,000 at the end of 12 years,
- or $25,000 at the end of 25 years.
Assuming that the interest rate is 11%, which offer should he accept? Why?
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