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Delia has a choice between $104,000 in 10 years or $30,000 today. a....

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Finance

Delia has a choice between $104,000 in 10 years or $30,000 today.

a. Calculate the present value of $104,000, If long term rates are 11 percent? (Use a Financial calculator to arrive at the answers. Round the final answer to the nearest whole dollar.)

Present value $

b. What should be her choice?

  • $104,000 in 10 years.

  • $30,000 today.

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