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Liam is going to receive $50,000 five years from now. Sydney is going to receive $50,000 ten years from now. Which one of the
Liam is going to receive $50,000 five years from now. Sydney is going to receive $50,000 ten years from now. Which one of the following statements is correct if both Liam and Sydney apply a 6% discount rate to these amounts? Multiple Choice The present values of Liam's money and Sydney's money are equal. In future dollars, Sydney's money is worth more than Liam's money. In today's dollars, Liam's money is worth more than Sydney's money. Fifteen years from now, the value of Liam's money will be equal to the value of Sydney's money. Sydney's money is worth more than Liam's money given the 6% discount rate. None of the options are correct.
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