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You have some property for sale and have received two offers. The first offer is for $98,000 in cash today. The second offer is the

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You have some property for sale and have received two offers. The first offer is for $98,000 in cash today. The second offer is the payment of $50,000 today and an additional $60,000 two years from today. The applicable discount rate is 11%. You should accept the offer as it is worth more today. Multiple Choice O second; $349.16 O first; $412.85 second: $697.35 second; $491.80

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