Which option should you take

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Problem

You just won a prize that comes with two payout choices. The first option is to get $100,000 right now and nothing hereafter. The second option is to get $90,000 right now and $10,000 3 years from now (and nothing after that). Get the instant assignment help. If your discount rate is 10%, which should you take?

 

Reference no: EM133981581

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