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On Joe Martins graduation from college, Joes uncle promised him a gift of $11,200 in cash or $720 every quarter for the next 4 years
On Joe Martins graduation from college, Joes uncle promised him a gift of $11,200 in cash or $720 every quarter for the next 4 years after graduation. Assume money could be invested at 8% compounded quarterly. a. Calculate the present value of options. (Round your answers to the nearest cent. b. Which offer is better for Joe? Option 1 Option 2
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
12th Edition
0357442156, 978-0357442159
