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( Present - value comparison ) Much to your surprise, you were selected to appear on the TV show The Price is Right. As a
Presentvalue comparisonMuch 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 rolls of toilet paper a typical American family keeps on hand, you win the opportunity to choose one of the following: $ comma
today$ comma
in
years or $ comma
in
years. Assuming that you can earn
percent on your money, which should you choose?
Question content area bottom
Part
If you are offered $ comma
in
years and you can earn
percent on your money, what is the present value of $ comma
$enter your response here
Round to the nearest cent.
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