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(Related to Checkpoint 5.4) (Present-value comparison) You are offered $100,000 today or $300,000 in 13 years. Assuming that you can earn 11 percent on your money, which should you choose? If you are offered $300,000 in 13 years and you can earn 11 percent on your money, what is the present value of $300,000? $ (Round to the nearest cent.)

(Related to Checkpoint 5.4) (Present-value comparison) You are offered $100,000 today or $300,000 in 13 years. Assuming that you can earn 11 percent on your money, which should you choose? If you are offered $300,000 in 13 years and you can earn 11 percent on your money, what is the present value of $300,000? $ (Round to the nearest cent.)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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3:41 K (Related to Checkpoint 5.4) (Present-value comparison) You are offered $100,000 today or $300,000 in 13 years. Assuming that you can earn 11 percent on your money, which should you choose? (Round to the nearest cent.) If you are offered $300,000 in 13 years and you can earn 11 percent on your money, what is the present value of $300,000? ||| VO) 1 LTE2.II 4G = 60% O
Transcribed Image Text:3:41 K (Related to Checkpoint 5.4) (Present-value comparison) You are offered $100,000 today or $300,000 in 13 years. Assuming that you can earn 11 percent on your money, which should you choose? (Round to the nearest cent.) If you are offered $300,000 in 13 years and you can earn 11 percent on your money, what is the present value of $300,000? ||| VO) 1 LTE2.II 4G = 60% O
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