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You have the choice of receiving $110,000 now or $52,000 now and another $77,000 four years from now. In terms of today's dollar, which choice

You have the choice of receiving

$110,000

now or

$52,000

now and another

$77,000

four

years from now. In terms of today's dollar, which choice is better and by how much? Money is worth

compounded annually.

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