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Your brother has offered to give you either $60,000 today or $120,000 in 9 years. If the interest rate is 5% per year, which option

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Your brother has offered to give you either $60,000 today or $120,000 in 9 years. If the interest rate is 5% per year, which option is preferable? The present value of the future amount (amount received in 9 years) is $. (Round to the nearest dollar.)

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