Question
(Present-value comparison)You are offered $110,000 today or $320,000 in 12 years. Assuming that you can earn 12 percent on your money, which should you choose?
(Present-value comparison)You are offered $110,000 today or $320,000 in 12 years. Assuming that you can earn 12 percent on your money, which should you choose? If you are offered $320 ,000 in 12 years and you can earn 12 percent on your money, what is the present value of $320,000?
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Business Finance
Authors: Brian Watts
8th Edition
0712110720, 978-0712110723
