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(Present-value comparison) You are offered $1,800 today, $11,000 in 12 years, or $29,000 in 27 years. Assuming that you can earn 14 percent on your
(Present-value comparison) You are offered $1,800 today, $11,000 in 12 years, or $29,000 in 27 years. Assuming that you can earn 14 percent on your money, which offer should you choose? a. What is the present value of $29,000 in 27 years discounted at 14 percent interest rate? $1 | (Round to the nearest cent.) b. What is the present value of $11,000 in 12 years discounted at 14 percent interest rate? $1 (Round to the nearest cent.) c. Which offer should you choose? (Select the best choice below.) O A. Choose $1,800 today because its present value is the highest. O B. Choose $29,000 in 27 years because its present value is the highest. O C. Choose $11,000 in 12 years because its present value is the highest
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