You are the beneficiary of a trust fund. The fund gives you the option of receiving $5,000

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You are the beneficiary of a trust fund. The fund gives you the option of receiving $5,000 per year for 10 years, $9,000 per year for 5 years, or $30,000 today.

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If the desired rate of return is 8%, which option should you select?

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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