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Your parents have promised to give you $25,000 on your wedding day if you wait 10 years to get married. They are letting your much
Your parents have promised to give you $25,000 on your wedding day if you wait 10 years to get married. They are letting your much less attractive sister get married today since her options are more limited. What amount should she receive in today's dollars to match the value of your gift? The appropriate discount rate is 10 %
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