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You are selling your vintage car and have received two offers. The first offer is for $200,000 in cash today. The second offer is the

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You are selling your vintage car and have received two offers. The first offer is for $200,000 in cash today. The second offer is the payment of $80,000 today and an additional $220,000 three years later. The applicable discount rate is 8%. You should accept the offer as it is worth more today. Multiple Choice second; $100,000 second; $46,357 first; $46,357 second: $54,643 first; $52,685

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