1. Your uncle offers you a choice of $30,000 in 50 years or $95 today. If money...

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1. Your uncle offers you a choice of $30,000 in 50 years or $95 today. If money is discounted at 12 percent, which should you choose?

2. If you invest $2,000 a year in a retirement account, how much will you have: a. In 20 years at 10 percent? b. In 40 years at 12 percent?

Related Book For answer-question

Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Posted Date: Jan 20, 2021 08:41 PM

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1. Your uncle offers you a choice of $30,000 in 50 years or $95 today. If money...

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Macroeconomics

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