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Your brother has offered to give you either $ 30 comma 000 $30,000 today or $ 50 comma 000 $50,000 in 10 10 years. If

Your brother has offered to give you either $ 30 comma 000

$30,000 today or $ 50 comma 000

$50,000 in 10

10 years. If the interest rate is 6 %

6% peryear, which option ispreferable?

What is the present value of the future amount(amount received in 10

10 years)?

The present value is $

nothing

. (Round to the nearestdollar.)

Which option ispreferable?

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