BUS 225 DAYONE LL
BUS 225 DAYONE LL
17th Edition
ISBN: 9781264116430
Author: BLOCK
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 9, Problem 8P

Your father offers you a choice of $105,000 in 12 years or $47,000 today.

a. If money is discounted at 8 percent, which should you choose?

b. If money is still discounted at 8 percent, but your choice is between $105,000 in 9 years or $47,000 today, which should you choose?

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BUS 225 DAYONE LL

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