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Your grandfather has offered you a choice of one of the three following alternatives: $ 1 4 , 0 0 0 now; $ 7 ,
Your grandfather has offered you a choice of one of the three following alternatives: $ now; $ a year for nine years; or $ at the end of nine years. Use Excel to arrive at the answers. Round the final answers to the nearest whole dollar.
a Assuming you could earn percent annually, compute the present value for the following amounts.
table$ now,Present value$ a year for nine,$
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