Mr. Rich has offered to give The New Nursing Home $100,000 today, or $300,000 when he dies.

Question:

Mr. Rich has offered to give The New Nursing Home $100,000 today, or

$300,000 when he dies. If the nursing home earns 12 percent on its investments, and it expects Mr. Rich to live for 12 years, which alternative should it take?

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Answered By

ASHISH VERMA

Hi, my name is Ashish Verma. I graduated from Uttar Pradesh Technical University with a B.Tech in Electrical Engineering. I completed my High school and Intermediate with first grades. After completing my graduation, I have a total experience of more than three years, two years as Production Manager in Solar Panel Manufacturing Pvt firm and more than one year as Software Engineer in Samsung and LG GSM mobile service center. Also, I have done a course in Autonomous Robotics for building up robots. During my graduation period, I have provided individual-based tutoring for my juniors and after learning from me, they had shown very good performance in their exams. The desire for teaching that started as a side income is now transferring into a full-time professional. Being good in my subjects especially in Electrical Engineering, I am confident of teaching you with my practical knowledge. I give step by step solution to each question that helps students to understand the question in the very first attempt. You can rest assure that my explanation and answers would be easiest to understand. I love teaching students who are passionate to make or build a career in the engineering field. Inviting all those who are curious to learn and hungry to achieve more to connect with me.

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