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Your grandfather has left you $150,000 in a trust fund that you cannot have for another seven years. You have decided that you really need
Your grandfather has left you $150,000 in a trust fund that you cannot have for another seven years. You have decided that you really need this money now to pay for your college expenses. Your attorney offers you $80,000 for an assignment of the proceeds of the trust. If you can get a student loan at 10%, should you accept your attorney's offer? Select one: a. No, because the $150,000 is worth more than $80,000 today. b. No, because the $150,000 is worth less than $80,000 today. c. Yes, because the $150,000 is worth less than $80,000 today. d. Yes, because the $150,000 is worth more than $80,000 today
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