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Josie has an antique artifact that she's sure she can sell for $15,000 if she holds onto it for 13 years. She has a special
Josie has an antique artifact that she's sure she can sell for $15,000 if she holds onto it for 13 years. She has a special savings account that earns 6.5% interest, compounding quarterly. Josie was just offered $6,500 for this antique today. What is the PV of the antique? Should she sell it today?
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$6,487.27. Yes, sell today.
$6,777.68. No, don't sell today.
$15,029.43. Yes, sell today.
$34,683.29. No, don't sell today.
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