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YOUR UNCLE OFFERS YOU A CHOICE OF 30,000 DOLLARS IN 50 YEARS OR 95 TODAY. IF MONEY IS DISCOUNTED AT 12 PERCENT, WHICH SHOULD YOU CHOOSE.

YOUR UNCLE OFFERS YOU A CHOICE OF 30,000 DOLLARS IN 50 YEARS OR 95 TODAY. IF MONEY IS DISCOUNTED AT 12 PERCENT, WHICH SHOULD YOU CHOOSE.
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Question:Your uncle offers you a choice of 30,000 dollars in 50 years or 95 today. If money is discounted
at 12 percent, which should you choose?
Solution: - Computation of the which option should...

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