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Question 11, P5-28 (sim... Part 1 of 2 HW Score: 26%, 13 of 50 points O Points: 0 of 4 Save (Related to Checkpoint 5.4)

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Question 11, P5-28 (sim... Part 1 of 2 HW Score: 26%, 13 of 50 points O Points: 0 of 4 Save (Related to Checkpoint 5.4) (Present-value comparison) You are offered $100,000 today or $360,000 in 13 years. Assuming that you can earn 12 percent on your money, which should you choose? If you are offered $360,000 in 13 years and you can earn 12 percent on your money, what is the present value of $360,000? (Round to the nearest cent.)

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