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  3. score: 0 of 1 pt 6 of 7 (4 complete hw score: 62.5

Score: 0 of 1 pt 6 of 7 (4 complete HW Score: 62.5%, 5 of...

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Finance

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Score: 0 of 1 pt 6 of 7 (4 complete HW Score: 62.5%, 5 of 8 pts P5-29 (similar to) Question Help (Present-value comparison) Much to your surprise, you were selected to appear on the TV show "The Price is Right. As a result of your prowess in identifying how many rolls of toilet paper a typical American family keeps on hand, you win the opportunity to choose one of the following: $1,100 today, $6,000 in 14 years, or $35,000 in 21 years. Assuming that you can eam 16 percent on your money, which should you choose? If you are offered $6,000 in 14 years and you can cam 16 percent on your money, what is the present vakje of $6,000? {Round to the nearest cont.) Enter your answer in the answer box and then click Check Answer parts remaining Clear All 2 Check

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