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You are offered $90,000 today or $400,000 in 13 years. Assuming that you can earn 13 percent on your money, which should you choose? If

You are offered $90,000 today or $400,000 in 13 years. Assuming that you can earn 13 percent on your money, which should you choose?

If you are offered $400,000 in 13 years and you can earn 13 percent on your money, what is the present value of $400,000?____

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