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Suppose you are about to graduate from college and your Uncle Rob makes you an offer. He will give you $475 today or he will

Suppose you are about to graduate from college and your Uncle Rob makes you an offer. He will give you $475 today or he will give you $600 a year from today. Assume no inflation or taxes.

Compute the present value of $600 received in a year if the interest rate is 20%. Show your work. Which option provides you with the largest monetary gift?

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