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(Present-value comparison) You are offered $1,100 today, $8,000 in 9 years, or $33,000 in 24 years. Assuming that you can earn 12 percent on
(Present-value comparison) You are offered $1,100 today, $8,000 in 9 years, or $33,000 in 24 years. Assuming that you can earn 12 percent on your money, which offer should you choose? a. What is the present value of $33,000 in 24 years discounted at 12 percent interest rate? $ (Round to the nearest cent.)
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
