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QUESTION 1 You have the opportunity of receiving $12,000 now or $15,000 in four years. If you could earn 6 percent on your investment, which

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QUESTION 1 You have the opportunity of receiving $12,000 now or $15,000 in four years. If you could earn 6 percent on your investment, which option would you go for and why? (Hint: You will need future value or present value table to answer) A. $15,000 in 4 years because its present value is more than $12,000. B. $12,000 now because its present value is more than that of $15,000. C. $12,000 now because its future value in 4 years is less than that of $15,000. D. $15,000 in 4 years because its greater than $12,000

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