Question
20) Your uncle offers you a choice of $111,000 in 10 years or $50,000 today. UseAppendix Bas an approximate answer, but calculate your final answer
20)
| Your uncle offers you a choice of $111,000 in 10 years or $50,000 today. UseAppendix Bas an approximate answer, but calculate your final answer using the formula and financial calculator methods. |
| a-1. | If money is discounted at 9 percent, what is the present value of the $111,000?(Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Present value | $ |
| a-2. | Which offer should you choose? | ||
|
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
