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Katie is going to receive $1.000 three years from now. Wilt is going to receive $1,000 five years from now. Which one of the following

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Katie is going to receive $1.000 three years from now. Wilt is going to receive $1,000 five years from now. Which one of the following statements is correct if both Katie and Wilt apply a 5.375 percent discount rate to these amounts? The present value of Katie and Wilt's money is equal. The value of Katie's money will be greater than the value of Wilt's money six years from now. In five years, the value of Katie's money will be equal to the value of Wilt's money. Katie's money is worth less than Wilt's money today

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