Multiple Choice
Sharon Smith will receive $1,000,000 in 50 years.The discount rate is 14%.As an alternative she can receive $2,000 today.Which should she choose?
A) The $1,000,000 in 50 years.
B) The $2,000 today.
C) She should be indifferent.
D) It depends on the inflation rate.
Correct Answer:
Verified
Correct Answer:
Verified
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