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Your Aunt Matilda Mae makes you the following offer: $15,000 upon undergraduate graduation in one year or $18,000 upon MBA graduation in 3 years. Which
Your Aunt Matilda Mae makes you the following offer: $15,000 upon undergraduate graduation in one year or $18,000 upon MBA graduation in 3 years.
- Which offer should you take if current rates are 14%.
- Is your decision in above scenario the same if the applicable rate is 5%? Why?
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