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You have been promised by your grandfather that you will receive an inheritance of $100,000 10 years from today. He is offering you the chance

You have been promised by your grandfather that you will receive an inheritance of $100,000 10 years from today. He is offering you the chance to inherit a lower amount of money NOW. If you believe that your interest rate should be 8%, how much do you believe you should receive now?

A)

93,571.00
B)

215,892.00
C)

91,122.00
D)

46,319.00

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