Question
Based on financial calculations only and not any personal preferences, which of the following would rather have, or which will result in the highest collection
Based on financial calculations only and not any personal preferences, which of the following would rather have, or which will result in the highest collection of cash? Assume an 8% annual interest rate and compounding interest.
| $247 in three years | ||
| $216 in one year | ||
| $200 today | ||
| $235 in two years |
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Financial Accounting Tools For Business Decision-Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Canadian Edition
0470833378, 978-0470833377
