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Identify which is the greater value (adapted from question 7 of Colander Chapter 13 Appendix,...

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Accounting

Identify which is the greater value (adapted from question 7 of Colander Chapter 13 Appendix, pg. 337):

a. 1400$ today vs. 2000$ five years from now at an interest rate of 6%

b. 1400$ today vs. 2000$ five years from now at an interest rate of 10%

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