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Posted on Jul 31, 2024

You are offered $ 1 2 0 , 0 0 0 today or $ 3 4 0 , 0 0 0 in 1 5 years.

You are offered $

120, 000

today or $

340, 000

15

years. Assuming that you can earn

11

percent on your money which should choose? If you are offered $

340, 000

15

years and you can earn

11

percent your money, what is the present value of $

340, 000 ?

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