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Posted on Jul 30, 2024

Your brother has offered to give you either $ 5 , 0 0 0 today or $ 1 0 , 0 0 0 in ten

Your brother has offered to give you either $

5, 000

today or $

10, 000

in ten years. If the interest rate is

7 %

per year, which option is preferable? Make sure to include a timeline table.

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