Question
A person is offered a gift of $5000 now or $6000 two years from now. If such fund could be expected to earn 10 percent
A person is offered a gift of $5000 now or $6000 two years from now. If such fund could be expected to earn 10 percent compounding interest rate each year over the next two years. Which is the better choice assuming the 6 percent interest rate is risk free?
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
