please help!!
An acquaintance of yours owes you $1.000, but only has $800 to pay you now. He says he can either give you the $800 now in full settlement of the debt, or he can give you $1,000 one year from now if you would let him keep the money for 2 years, though, he would give you $1,100 at that point. You have a savings account that earns 12% interest. (Future Value of $1, Present Value of $1, Future Value Annuity of \$1, Present Value Annuity of \$1) Note: Use appropriate factor from the PV tables. Required: a. What is the present value of the payment now? b. What is the present value of the payment a year from now? c. What is the present value of the payment two years from now? d. Which option would be best for you financially? Complete this question by entering your answers in the tabs below. What is the present value of the payment now? An acquaintance of yours owes you $1,000, but only has $800 to pay you now. He says he can either give you the $800 now in full settlement of the debt, or he can give you $1,000 one year from now if you would let him keep the money for 2 years, though, he would glve you S1,100 at that point. You have a savings account that earns 12\% interest. (Future Value of S1, Present Value of S1. Future Value Annuity of \$1. Present Value Annuity of S11 Note: Use appropriate factor from the PV tables. Required: a. What is the present value of the poyment now? b. What is the present value of the payment a year from now? c. What is the present value of the payment two years from now? d. Which option would be best for you financially? Complete this question by entering your answers in the tabs below. What is the present value of the payment a year from now? Note: Round your answer to 2 decimal places. An acquaintance of yours owes you $1,000, but only has $800 to pay you now. He says he can either give you the $800 now in full sertlement of the debt, or he can give you $1,000 one year from now. If you would let him keep the money for 2 years, though, he would give you $1,100 at that point. You have a savings account that earns 12% interest. (Future Value of $1, Present Value of $1. Future Value Annuity of \$1, Present Value Annuity of \$1) Note: Use appropriate factor from the PV tables. Required: a. What is the present value of the payment now? b. What is the present value of the payment a year from now? c. What is the present value of the payment two years from now? d. Which option would be best for you financially? Complete this question by entering your answers in the tabs below. What is the present value of the payment two years from now? Note: Round your answer to 2 decimal places. An acquaintance of yours owes you $1,000, but only has $800 to pay you now. He says he can either give you the $800 now in full settlement of the debt, or he can glve you $1,000 one year from now. If you would let him keep the money for 2 years, though, he would give you $1100 at that point. You have a savings account that earns 12% interest. (Future Value of $1. Present Vilue of $1. Future Value Annuity of $1, Present Value Annuity of $1 ) Note: Use appropriate factor from the PV tables. Required: a. What is the present value of the payment now? b. What is the present value of the payment a year from now? c. What is the present value of the payment two years from now? d. Which option would be best for you financially? Complete this question by entering your answers in the tabs below. Which option would be best for you financially
