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You have the choice of receiving $ 7 0 , 0 0 0 now or $ 3 7 , 0 0 0 now and another
You have the choice of receiving $ now or $ now and another $ six years from now. In terms of today's dollar, which choice is better and by how much? Money is worth compounded annually. Which choice is better? A The choice of $ now and $ in six years is better. B They are equal in value. C The choice of $ now is better. The better choice is greater than the alternative choice by $ in terms of today's dollar. Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
You have the choice of receiving $ now or $ now and another $ six years from now. In terms
of today's dollar, which choice is better and by how much? Money is worth compounded annually.
Which choice is better?
A The choice of $ now and $ in six years is better.
B They are equal in value.
C The choice of $ now is better.
The better choice is greater than the alternative choice by $ in terms of today's dollar.
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places
as needed.
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