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Uncle Your uncle offers you a choice of S116,OOO in 10 years or $55,000 today. Use Appendix_ as an approximate answer, but calculate your final
Uncle 
Your uncle offers you a choice of S116,OOO in 10 years or $55,000 today. Use Appendix_ as an approximate answer, but calculate your final answer using the formula and financial rnethods. a-I. If money is discounted at 9 percent, what is the present value of the $116,000? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value a-2. Which offer should you choose? $55,000 today O SII 6,000 after 10 years
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, J. Desmond Keefe
8th Edition
0471429929, 978-0471429920
