Question
As the winner of the Standup sweepstakes, you are entitled to one of the following prizes: $999,999 payable immediately. $125,000 per year forever (1st payment
As the winner of the Standup sweepstakes, you are entitled to one of the following prizes:
- $999,999 payable immediately.
- $125,000 per year forever (1st payment is a year from today).
- $185,000 per year for 10 years (1st payment is received immediately).
The stated annual interest rate is 14 percent. Rank the alternatives in order of preference showing work (or relevant inputs to a program) for full credit.
EXCEL VERSION PLEASE. Thank you.
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
