Question
12. You have been offered a choice of one of the three following alternatives: $5,000 now, $1,000 a year for eight years, or $12,000 at
12. You have been offered a choice of one of the three following alternatives: $5,000 now, $1,000 a year for eight years, or $12,000 at the end of eight years. Assuming you could earn 11 percent annually, which alternative should you choose?
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
