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Your aunt offers you a choice of $60,000 in 40 years or $850 today

Your aunt offers you a choice of $60,000 in 40 years or $850 today
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Solution Guide / Answer Key:

FINANCE

FIN 200
Axia College of University of Phoenix (UoP)

Foundations of Financial Management
Block Hirt Danielsen

Introduction to Finance: Harvesting the Money Tree
Fin 200 Week Solution
Chapter 9

6. Your aunt offers you a choice of $60,000 in 40 years or $850 today. If money is discounted at 11 percent, which should you choose?

 

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