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(Present-value comparison)You are offered $110,000 today or $360,000 in 15 years. Assuming that you can earn 14 percent on your money, which should you choose?
(Present-value comparison)You are offered $110,000 today or $360,000 in 15 years. Assuming that you can earn 14 percent on your money, which should you choose? Question content area bottom Part 1 If you are offered $360,000 in 15 years and you can earn 14 percent on your money, what is the present value of $360,000 ? (Round to the nearest cent.) $110,000 was incorrect so I need the correct answer. Thank you
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