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23-81 1=25, 998 33. Your grandmother has promised to give you $10,000 when you graduate from college. She is expecting you to graduate three years from now. What happens to the present value of this gift if you speed up your graduation by one year and graduate two years from now? a. decreases b. increases c. remains constant d. cannot be determined from information provided

23-81 1=25, 998 33. Your grandmother has promised to give you $10,000 when you graduate from college. She is expecting you to graduate three years from now. What happens to the present value of this gift if you speed up your graduation by one year and graduate two years from now? a. decreases b. increases c. remains constant d. cannot be determined from information provided

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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a 5-81 NI=25, 998 33. Your grandmother has promised to give you $10,000 when you graduate from college. She is expecting you to graduate three years from now. What happens to the present value of this gift if you speed up your graduation by one year and graduate two years from now? a. decreases b. increases c. remains constant d. cannot be determined from information provided
Transcribed Image Text:a 5-81 NI=25, 998 33. Your grandmother has promised to give you $10,000 when you graduate from college. She is expecting you to graduate three years from now. What happens to the present value of this gift if you speed up your graduation by one year and graduate two years from now? a. decreases b. increases c. remains constant d. cannot be determined from information provided
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