Your wealthy aunt has told you that she will give you $10,000 when you graduate from college. If you graduate sooner by one year and graduate two years from now rather than the expected three years, how will the present value of your gift be changed?
Multiple Choice
The present value will remain constant.
The present value will increase.
The present value will decrease.
The present value will equal $10,000.
The present value will be greater than $10,000.
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