Question
You have won a game show prize of a trip to Tahiti in one year valued at $15,000. If instead, you are able to take
You have won a game show prize of a trip to Tahiti in one year valued at $15,000. If instead, you are able to take the present value of the trip in cash, how much cash would you want if the rate you can earn is 7.2% annually, compounded annually?
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Bankers Handbook On Credit Management
Authors: Indian Institute Of Banking & Finance
1st Edition
9387957853, 978-9387957855
