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Finance problem-selecting between two choices

Problem:

Sharon Smith will receive $1 million in 50 years. The discount rate is 14. As an alternative, she can receive $2,000 today. Which should she choose? Provide two solutions for this question (Base your answer on present value calculations for the $1 million, and future value calculations for the $2,000.

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Finance Basics: Finance problem-selecting between two choices

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