If you have no need for immediate cash and you are promised a future sum from a very reliable source, why is it still preferable to “take the cash now”?
If you have no need for immediate cash and you are promised a future sum from a very reliable source, why is it still preferable to “take the cash now”?
Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter16: Mastering Financial Management
Section: Chapter Questions
Problem 3DQ
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If you have no need for immediate cash and you are promised a future sum from a very reliable source, why is it still preferable to “take the cash now”?
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