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Score: 0 of 1 pt 6 of 7 (0 complete) HW Score: 0%, 0 of 8 pts P5-29 (similar to) Question Help (Present-value comparison) Much
Score: 0 of 1 pt 6 of 7 (0 complete) HW Score: 0%, 0 of 8 pts P5-29 (similar to) Question Help (Present-value comparison) Much to your surprise, you were selected to appear on the TV show "The Price is Right." As a result of your prowess in identifying how many rolls of toilet paper a typical American family keeps on hand, you win the opportunity to choose one of the following: $1,300 today, $6,000 in 9 years, or $28,000 in 28 years. Assuming that you can earn 14 percent on your money, which should you choose? If you are offered $6,000 in 9 years and you can earn 14 percent on your money, what is the present value of $6,000? $0 (Round to the nearest cent) Enter your answer in the answer box and then click Check Answer ? 2 parts remaining Clear All Check
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