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(Present-value comparison) You are offered $1,900 today, $12,000 in 10 years, or $33,000 in 20 years. Assuming that you can earn 11 percent on your

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(Present-value comparison) You are offered $1,900 today, $12,000 in 10 years, or $33,000 in 20 years. Assuming that you can earn 11 percent on your money, which offer should you choose? a. What is the present value of $33,000 in 20 years discounted at 11 percent interest rate? (Round to the nearest cent.) b. What is the present value of $12,000 in 10 years discounted at 11 percent interest rate? $ (Round to the nearest cent.) c. Which offer should you choose? (Select the best choice below.) A. Choose $12,000 in 10 years because its present value is the highest. B. Choose $1,900 today because its present value is the highest. C. Choose $33,000 in 20 years because its present value is the highest

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