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As the pre in a contest, you are offered $27.000 now or $50 400 in 10 years if the money can be nvested at 6s compounded anualy, which prze will be woth more m 10 years? Choose the oprion that is most profable aher 10 years accepting the S50.400 prize in 10 years accepting the $27.000 prize now

As the pre in a contest, you are offered $27.000 now or $50 400 in 10 years if the money can be nvested at 6s compounded anualy, which prze will be woth more m 10 years? Choose the oprion that is most profable aher 10 years accepting the S50.400 prize in 10 years accepting the $27.000 prize now

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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As the prize in a contest, you are offered $27.000 now or $50A00 in 10 years if the money can be invested at o compounded anualy, which prize will be wonth more m 10 yean? Choose the oprion that is mosi proftable aher 10 years Oaccepting the $50,400 prize in 10 years Oaccepting the $27,000 prize now
Transcribed Image Text:As the prize in a contest, you are offered $27.000 now or $50A00 in 10 years if the money can be invested at o compounded anualy, which prize will be wonth more m 10 yean? Choose the oprion that is mosi proftable aher 10 years Oaccepting the $50,400 prize in 10 years Oaccepting the $27,000 prize now
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