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Your father offers you a choice of $ 115,000 in 10 years or $48,000 today. Use Appendix B as an approximate answer, but calculate your

Your father offers you a choice of $ 115,000 in 10 years or $48,000 today. Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

a-1.If money is discounted at 10 percent, what is the present value of the $ 115,000?

Present value:

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