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Your uncle offers you a choice of $ 1 0 5 , 0 0 0 in 1 0 years or $ 4 7 , 0
Your uncle offers you a choice of $ in years or $ today. Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a If money is discounted at percent, what is the present value of the $Do not round intermediate calculations. Round your final answer to decimal places. a Which offer should you choose? $ after years or $ today
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