You are selling your house. The Smiths have offered you ($115,000.) They will pay you immediately. The

Question:

You are selling your house. The Smiths have offered you \($115,000.\) They will pay you immediately. The Joneses have offered you \($150,000,\) but they cannot pay you until three years from today. The interest rate is 10 percent. Which offer should you choose?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: