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Posted on Sep 07, 2024

Sharon Smith will receive $ 1 , 0 0 0 , 0 0 0 in 5 0 years. The discount rate is 1 4 %

Sharon Smith will receive $

1, 000, 000

50

years. The discount rate is

14 % .

As an alternative she can receive $

2, 000

today. Which should she choose?

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