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You have the choice of receiving $100 000now, or $60 000 now and another $60 000 five years from now. In terms of todays dollar,

You have the choice of receiving $100 000now, or $60 000 now and another $60 000 five years from now. In terms of todays dollar, which choice is better and by how much? Money is worth 6% compounded annually.

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