Your brother has offered to give you either $12,000 today or $20,000 in 11 years....
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Accounting
Your brother has offered to give you either $12,000 today or $20,000 in 11 years. If the interest rate is 5% per year, which option is preferable? What is the present value of the future amount (amount received in 11 years)? The present value is $ (Round to the nearest dollar.)
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