(Present-value comparison) You are offered $80,000 today or $360,000 in 12 years. Assuming that you...
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(Present-value comparison) You are offered $80,000 today or $360,000 in 12 years. Assuming that you can earn 14 percent on your money, which should you choose? If you are offered $360,000 in 12 years and you can earn 14 percent on your money, what is the present value of $360,000? $ (Round to the nearest cent.)
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