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Sharon Smith will receive $1.25 million in 30 years. The discount rate is 16%. As an alternative, she can receive $15,000 today. Which should she

Sharon Smith will receive $1.25 million in 30 years. The discount rate is 16%. As an alternative, she can receive $15,000 today. Which should she choose? Use Appendix B to calculate the answer.

Multiple Choice

A_the $1.25 million dollars in 30 years.

B_$15,000 today.

C_she should be indifferent.

D_need more information.

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