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Sharon Smith will receive $1.21 million in 40 years. The discount rate is 11%. As an alternative, she can receive $18,150 today. Which should she
Sharon Smith will receive $1.21 million in 40 years. The discount rate is 11%. As an alternative, she can receive $18,150 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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