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(Related to Checkpoint5.4)(Present-value comparison) You are offered $110 comma 000 110,000 today or $400 comma 000 400,000 in 12 12 years. Assuming that you can
(Related to Checkpoint5.4)(Present-value comparison)You are offered $110 comma 000
110,000 today or $400 comma 000
400,000 in 12
12 years. Assuming that you can earn 14
14 percent on yourmoney, which should youchoose?
If you are offered $400 comma 000
400,000 in 12
12 years and you can earn 14
14 percent on yourmoney, what is the present value of $400 comma 000
400,000?
$
nothing
(Round to the nearestcent.)
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