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15-02-2024
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Assume Ellina earns a 8 percent after-tax rate of return and that she owes a friend $1,900. Would she prefer to pay the friend $1,900 today or $2,565 in four years?
1) Pay $1,900 today
2) Pay $2,565 in four years
3) Cannot be determined
4) Not enough information provided

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