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Jason inherited $6,000 from his grandfather. He decided to invest these funds into a two-year project that promised him a return of $2,000 by the
Jason inherited $6,000 from his grandfather. He decided to invest these funds into a two-year project that promised him a return of $2,000 by the end of this year and $4,500 at the end of the next year. Jason uses an analytical report that states that inflation is expected to be 3.0%over the next 5 years. Jason also decided that he would only invest in this project if it could bring him a real rate of return of at least 10%. What is the present worth of his return? The answer is 5271 because you use inflation rate for present worth, but idk why
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