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Lisa Preston is 22 years old, and her grandmother has remembered Lisa in her will,...

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Accounting

Lisa Preston is 22 years old, and her grandmother has remembered Lisa in her will, which is now being probated. Lisa has been bequeathed either a cash payment today of $35,000 or a cash payment on her birthday six years from now of $75,000. Assuming an annual interest rate of 5%, Lisa should take the cash and run.

True

False

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