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

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...

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