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You decide to buy a Van Cleef & Arpels platinum necklace with a diamond snow flake pendant for $71,000. You will be getting a $100,000
You decide to buy a Van Cleef & Arpels platinum necklace with a diamond snow flake pendant for $71,000. You will be getting a $100,000 settlement from a law suit in three years. If interest rates are 4%, and you sell the settlement now, will you have enough to buy the necklace? Justify your answer.
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