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Your company is owed a lump sum payment of $400,000 in one year. The customer that owes the money has offered to settle the account

Your company is owed a lump sum payment of $400,000 in one year. The customer that owes the money has offered to settle the account now for $390,000. If your company can earn 3% on similar investments, what is the minimum amount you would accept now as a payoff? Based just on the figures, would you accept the offer? Explain

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