Your brother has offered to give you either $ 30 comma 000 $30,000 today or $ 50
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Question:
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?
Expert Answer:
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