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Present-value comparison

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(Present-value comparison)

You are offered ?$20,000 today or ?$340,000 in 10 years. Assuming that you can earn 16 percent on your? money, which should you? choose?

If you are offered ?$340,000 in 10 years and you can earn 16 percent on your? money, what is the present value of ?340,000???___ ?(Round to the nearest? cent.)

Reference no: EM132235058

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