You are offered $90,000 today or $300,000 in 11 years. Assuming that you can earn 14 percent on your money, which should you choose? If you are offered $300,000 in 11 years and you can earn 14 percent on your money, what is the present value of $300,000 ? Round to the nearest cent
You are offered $90,000 today or $300,000 in 11 years. Assuming that you can earn 14 percent on your money, which should you choose? If you are offered $300,000 in 11 years and you can earn 14 percent on your money, what is the present value of $300,000 ? Round to the nearest cent
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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You are offered $90,000 today or $300,000 in 11 years. Assuming that you can earn 14 percent on your money, which should you choose?
If you are offered $300,000 in 11 years and you can earn 14 percent on your money, what is the present value of $300,000 ?
Round to the nearest cent
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