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You have the option to receive $ 5 , 0 0 0 one year from now or $ 4 , 5 0 0 today. If

You have the option to receive $5,000 one year from now or $4,500 today. If the discount rate is 10%, which option should you choose to maximize your present value?
Receive $5,000 one year from now
Receive $4,500 today

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