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Winston will receive $100,000 on his 25th birthday. Which time value of money concept would you use to compute the value of his future inheritance?
Winston will receive $100,000 on his 25th birthday. Which time value of money concept would you use to compute the value of his future inheritance?
A.the present value of an annuity.
B.the future value of a single sum.
C.the present value of a single sum.
D.the future value of an annutity.
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