Businesses sometimes advertise that you should Come try our product. If you do, we will give you
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Businesses sometimes advertise that you should ‘Come try our product. If you do, we will give you $100 just for coming by!’ If you read the fine print, what you find out is that they will give you a savings certificate that will pay you $100 in 25 years or so. If the going interest rate on such certificates is 10 per cent per year, how much are they really giving you today?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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