Your aunt offers you a choice of $20,000 in 50 years or $45 today. If money is discounted at 13…

Your aunt offers you a choice of $20,000 in 50 years or $45 today. If money is discounted at 13…

Your aunt offers you a choice of $20,000 in 50 years or $45 today. If money is discounted at 13 percent, which should you choose?

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