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Sharon Smith will receive $1.22 million in 25 years. The discount rate is 10%. As an alternative, she can receive $112,240 today. Which should she
Sharon Smith will receive $1.22 million in 25 years. The discount rate is 10%. As an alternative, she can receive $112,240 today. Which should she choose? UseAppendix 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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