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When Peter decided to sell his farm, he received two offers. If he accepts the first offer (Offer 1), he would receive $200,000 now, $760,000
When Peter decided to sell his farm, he received two offers. If he accepts the first offer (Offer 1), he would receive $200,000 now, $760,000 one year from now, and $600,000 two years from now. If he accepts the second offer (Offer 2), he would receive $560,000 now, $500,000 one year from now, and $250,000 two years from now. If money is worth 15%, which offer should he accept? Peter should accept Offer 1
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