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Your brother has offered to give you either $50,000 today or $100,000 in 14 years. If the interest rate is 5% per year, which option
Your brother has offered to give you either $50,000 today or $100,000 in 14 years. If the interest rate is 5% per year, which option is preferable? Question content area bottom Part 1 What is the present value of the future amount (amount received in 14 years)? The present value is $enter your response here. (Round to the nearest dollar.) Part 2 Which option is preferable? (Select the best choice below.) A.Take the present amount offered because it is greater than the present value of the future amount. Take the present amount offered because it is greater than the present value of the future amount. B. Take the present amount offered because it is less than the
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