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You have the choice of receiving $50,000 now or $24,000 now and another $35,000 six years from now. In terms of today's
Posted: Sun Jul 10, 2022 11:11 am
by answerhappygod
- You Have The Choice Of Receiving 50 000 Now Or 24 000 Now And Another 35 000 Six Years From Now In Terms Of Today S 1 (36.42 KiB) Viewed 60 times
You have the choice of receiving $50,000 now or $24,000 now and another $35,000 six years from now. In terms of today's dollar, which choice is better and by how much? Money is worth 5.6% compounded annually. Which choice is better? O A. The choice of $50,000 now is better. OB. They are equal in value. O C. The choice of $24,000 now and $35,000 in six years is better. The better choice is greater than the alternative choice by $ in terms of today's dollar. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)