[Solved] You have the option to receive $ 5 , 0 0

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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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