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Question 3 (20 points) Assume you can choose one of the following payment alternatives for a project that you finished: Receiving $4,000 five years from
Question 3 (20 points) Assume you can choose one of the following payment alternatives for a project that you finished: Receiving $4,000 five years from now (Year 5) Receiving $800 each year at the end of Year 1, 2, 3, and 4. Receiving $2,600 right now (at the present time) Find the best payment alternative assuming the following interest/discount rates 6% discount/interest rate 11% discount/interest rate
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