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P5-29 (similar to) Question Help o (Present-value comparison Much to your surprise, you were selected to appear on the TV show The Price is Right
P5-29 (similar to) Question Help o (Present-value comparison Much to your surprise, you were selected to appear on the TV show "The Price is Right As a result of your prowess in identifying how many role of toilet paper a typical American family keeps on hand, you win the opportunity to choose one of the following: 51,400 today. 50,000 in 13 years, or $25,000 in 20 years. Assuming that you can earn 11 percent on your money, which should you choose? If you are othered 19.000 in 13 years and you can com 11 percent on your money, what is the present value of 0.0007 (Round to the nearest cont)
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