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1 pts You would like to vacation in Hawaii for one week each year. You can buy a time share for a vacation home in

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1 pts You would like to vacation in Hawaii for one week each year. You can buy a time share for a vacation home in Hawaii for $20,000 today and a maintenance fee of $550 per year starting next year. You expect to sell the time share in 10 years for $15,000 Alternatively you can just pay for the week vacation each year (starting next year). Each year will cost you $1,500 If your investments earn 5% per year (compounded annually) which alternative is cheaper and by how much in present value terms? Buy the time share it will save you $3,628 Pay each year it will save you $3,323 Pay each year it will save you $3,456 Pay each year it will save you $3,698

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