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Part $1$

Your brother has offered to give you either $ $40000$ today or $ $80000$ in $9$ years. If the interest rate is $6\%$ per$$ year, which option is$$ preferable?

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Part $1$

The present value of the future amount$($amount received in $9$years$)$ is $$$

$$

enter your response here.$($Round to the nearest$$ dollar.$)$