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(Related to Checkpoint 5.4) (Present-value comparison) You are offered $100,000 today or $300,000 in 13 years. Assuming that you can earn 11 percent on
(Related to Checkpoint 5.4) (Present-value comparison) You are offered $100,000 today or $300,000 in 13 years. Assuming that you can earn 11 percent on your money, which should you choose? If you are offered $300,000 in 13 years and you can earn 11 percent on your money, what is the present value of $300,000? $ (Round to the nearest cent.)
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
