Question: When Peter decided to sell his farm, he received two offers. If he accepts the first offer (Offer 1), he would receive $200,000 now, $700,000

When Peter decided to sell his farm, he received two offers. If he accepts the first offer (Offer 1), he would receive $200,000 now, $700,000 one year from now, and $500,000 two years from now. If he accepts the second offer (Offer 2), he would receive $680,000 now, $600,000 one year from now, and $230,000 two years from now. If money is worth 6%, which offer should he accept?

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