Question
Your brother has offered to give you either $84,000 today or $140,000 in 9 years. If the interest rate is 7% per year, which option
Your brother has offered to give you either $84,000 today or $140,000 in 9 years. If the interest rate is 7% per year, which option is preferable? What is the present value of the future amount (amount received in 9 years)?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
