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Q6. For your college graduation your rich aunt offered you three options for your graduation gift. Option A is $10,000 which you can have
Q6. For your college graduation your rich aunt offered you three options for your graduation gift. Option A is $10,000 which you can have today. Option B is a monthly check for $62 a month for 30 years or a future amount of $76,100 available in 30 years. Assume the rate is 7%. Which option would you choose? PVA 48 49 50 51 52 a 10,000 62.00 Present value time rate 10,000 62 $81,426.00 30 30 7.00% 7.00% 7.00% future value
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
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