Sharon Smith will receive $1.2 million in 50 years. The discount rate is 12%. As an alternative, she can receive $3,600 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.

the $1.2 million dollars in 50 years.

$3,600 today.

she should be indifferent.

need more information.