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A wealthy local person loves the Bells and is willing to give the university $1,000,000 to name the basketball court Darth Vader. She is willing
A wealthy local person loves the Bells and is willing to give the university $1,000,000 to name the basketball court Darth Vader. She is willing to give $1,000,000 today for that right or, if the school can wait two years, she is willing to give $1,100,000. Based on currently prevailing interest rates, how would you advise Mr. Balboa to act, and what issues should he consider when making this decision?
the intrest rate is 5% per year
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