Question
You are offered $110 ,000 today or $400,000 in 15 years. Assuming that you can earn 15 percent on your money, which should you choose?
You are offered $110 ,000 today or $400,000 in 15 years. Assuming that you can earn 15 percent on your money, which should you choose?
If you are offered $400,000 in 15 years and you can earn 15 percent on your money, what is the present value of $400,000? $________(Round to the nearest cent.)
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Business Mathematics
Authors: Gary Clendenen, Stanley A Salzman, Charles D Miller
12th Edition
0135109787, 9780135109786
