Question
a father wants to giftvhis daughter a present for her marriage, he offers her three options: option A : 55000 today option B : 8000
a father wants to giftvhis daughter a present for her marriage, he offers her three options: option A : 55000 today option B : 8000 every year for 10 years option C : 90000 in 10 years assuming a discount rate of 7%, calculate the present value of each option (give an answer for each) and decide what option is the best for daughter
A father wants to gift his daughter a present for her marriage, he offers her three options: Option A $55,000 today Option B. $8,000 every year for 10 years Option C $90,000 in 10 years Assuming a discount rate of 7%, calculate the present value of each option (give an answer for each) and decide what option is besStep by Step Solution
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The First Time Homebuyers Handbook
Authors: Dean Thompson
1st Edition
1658856112, 978-1658856119
