Question
On Joe Martins graduation from college, Joes uncle promised him a gift of $11,600 in cash or $760 every quarter for the next 4 years
On Joe Martins graduation from college, Joes uncle promised him a gift of $11,600 in cash or $760 every quarter for the next 4 years after graduation. Assume money could be invested at 8% compounded quarterly.
Calculate the present value of options.
Option 1 $
Option 2 $
Which offer is better for Joe?
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Weathering The Storm A Quick Guide To Safeguarding Your Finances During Economic Recession
Authors: Liam Wilhelm
1st Edition
979-8864393628
