In negotiating a contract for your business, you have to decide between receiving $45000 now, or $20000 now and $35000 4 years from now. In terms of today's dollar, how much the two payments are worth more than one payment now? Money is worth 5.15% compounded annually. Round your final answer to 2 decimal places, if necessary. Do not enter the comma," or a dollar sign ($) while entering your answer. Number
In negotiating a contract for your business, you have to decide between receiving $45000 now, or $20000 now and $35000 4 years from now. In terms of today's dollar, how much the two payments are worth more than one payment now? Money is worth 5.15% compounded annually. Round your final answer to 2 decimal places, if necessary. Do not enter the comma," or a dollar sign ($) while entering your answer. Number
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
Problem 1PS
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Transcribed Image Text:In negotiating a contract for your business, you have to decide between receiving $45000 now, or $20000
now and $35000 4 years from now. In terms of today's dollar, how much the two payments are worth more
than one payment now? Money is worth 5.15% compounded annually.
Round your final answer to 2 decimal places, if necessary. Do not enter the comma "," or a dollar sign ($)
while entering your answer.
I
Number
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