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What is the present value of the second option

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Question - You want to retire in 20 years. I can either put $100,000 into savings on day one plus $10,000 at the end of each year or put no money away on day one but puts $15000 in savings away at the end of each of the 20 years. The interest I earn on my savings is 10%.

What is the present value of the first option?

What is the present value of the second option?

Reference no: EM132804283

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