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You are offered $ 9 0 , 0 0 0 today or $ 3 8 0 , 0 0 0 in 1 0 years. Assuming

You are offered $90,000 today or $380,000 in 10 years. Assuming that you can earn 14 percent on your money, which should you choose? If you are offered $380,000 in 10 years and you can earn 14 percent on your money, what is the present value of $380,000?

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