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Knights inc. has 641,720 to invest. the company is trying to decide between two alternative uses of the funda. one alternative procides 85,153 at the
Knights inc. has 641,720 to invest. the company is trying to decide between two alternative uses of the funda. one alternative procides 85,153 at the end of each year for 12 years, and the other is to receive a single lump sum paymenr od 2,013,990 at the end of 12 years, Which alternative should Knights select? assume the interest rate is constant ovee the entire investment.
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