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Suppose you have two clients who need your services for two years. One agreed to pay you $50,000 one year from now and another $50,000
Suppose you have two clients who need your services for two years. One agreed to pay you $50,000 one year from now and another $50,000 in two years while the other paid $35,000 after one year, but $65,000 after two years. Assuming an interest rate of 10%, which one has a higher present value? Round off to the nearest dollar.
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