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Help please 1. You have the choice of receiving $80,000 now or $36,000 now and another $56,000 six years from now. In terms of today's
Help please
1. You have the choice of receiving $80,000 now or $36,000 now and another $56,000 six years from now. In terms of today's dollar, which choice is better and by how much? Money is worth 4.3% compounded annually
Which choice is better?
A.The choice of $36,000 now and $56,000 in six years is better.
B. They are equal in value.
C.The choice of $80,000 now is better.
The better choice is greater than the alternative choice by $ ________ in terms of today's dollar.
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