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