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Sharon Smith will receive $1.01 million in 40 years. The discount rate is 12%As an alternative, she can receive $8,080 today. Which should she choose?
Sharon Smith will receive $1.01 million in 40 years. The discount rate is 12%As an alternative, she can receive $8,080 today. Which should she choose? Use Appendix B (Round "PV Factor " to 3 decimal places.) Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
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