Question
You are offered $1,000 today, $10,000 in 10 years, or $20,000 in 20 years. Assuming that you can earn 10 percent on your money, which
You are offered $1,000 today, $10,000 in 10 years, or $20,000 in 20 years. Assuming that you can earn 10 percent on your money, which should you choose? ( hint you can compare either the present value or the future value of each choice ).
Use a finanical calculator to solve the problem and show the steps of how you came to the answer.
Preferbaly use a HP 10bll+ financial calculator
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Derivatives And Internal Models
Authors: Hans Peter Deutsch, Mark W. Beinker
5th Edition
3030229017, 9783030229016
