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What is the value of the offer in today dollars

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Reference no: EM133044317

Question - You have received an offer for the sale of your home. McGraw has offered $240,000 payable 2 years from today. The prevailing interest rate is 9% per annum? What is the value of the offer in today's dollars?

a. $285,144

b. $202,003.20

c. $218,400

d. $261,600

Reference no: EM133044317

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