Question
Your father entrusts you with the funds for your college education. He gave you two options: a) receive the money now in the amount
Your father entrusts you with the funds for your college education. He gave you two options: a) receive the money now in the amount of P 200 000 or b) receive P 500 000 ten years from now. An available investment opportunity to you provides a 10% return. Which option would you prefer? Show your calculations and explanation.
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
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