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Your uncle offers you choice of $110,000 in 10 years or $49,000 today.

Compute the present value of $110,000 if the money is discounted at 8 percent.

Which should you choose, $49,000 today or $110,000 in 10 years?

Which would you choose if you had to wait 12 years?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91145488

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