26 suppose you have the alternative of receiving either 10000 at the e
2.6 Suppose you have the alternative of receiving either $10,000 at the end of five years or P dollars today. Currently. you have no need for the money, so you deposit the P dollars into a bank account that pays 6% interest compounded annually. What value of P would make you indifferent in your choice between P dollars today and the promise of $10,000 at the end of five years?
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