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You have the choice of receiving $50,000 now or $23,000 now and another $35,000 four years from now. In terms of today's dollar, which choice
You have the choice of receiving $50,000 now or $23,000 now and another $35,000 four years from now. In terms of today's dollar, which choice is better and by how much? Money is worth 5.7% compounded annually. Which choice is better? O A. The choice of $23,000 now and $35,000 in four years is better. B. They are equal in value O C. The choice of $50,000 now is better
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