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Your brother has offered to give you either $65,000 today or $130,000 in 12 years. If the interest rate is 5% per year, which option

Your brother has offered to give you either $65,000 today or $130,000 in 12 years. If the interest rate is 5% per year, which option is preferable?

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Part 1

What is the present value of the future amount (amount received in 12 years)?

The present value is $

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