Question
Suppose you are given the following payment options for your service: (i) Be paid $210,000 upfront (ii) Equal annual payment of $50,000 for 5 years.
Suppose you are given the following payment options for your service:
(i) Be paid $210,000 upfront
(ii) Equal annual payment of $50,000 for 5 years.
Which alternative would be the best option, if the annual interest is 7.5% per annum, compounded continuously.
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Financial Accounting Essentials You Always Wanted To Know Self Learning Management Series
Authors: Vibrant Publishers , Kalpesh Ashar
5th Edition
1636510973, 978-1636510972
