Assuming that you can earn 12 percent on your money which


(Present-value comparison)

You are offered $110,000 today or $320,000 in 12 years. Assuming that you can earn 12 percent on your money, which should you choose? If you are offered $320 ,000 in 12 years and you can earn 12 percent on your money, what is the present value of $320,000?

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Financial Management: Assuming that you can earn 12 percent on your money which
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