Question
Your father offers you a choice of $105,000 in 12 years or $47,000 today. a. If money is discounted at 8 percent, which should you
Your father offers you a choice of $105,000 in 12 years or $47,000 today.
a. If money is discounted at 8 percent, which should you choose?
b. If money is still discounted at 8 percent, but your choice is between $105,000 in 9 years or $47,000 today, which should you choose?
Include financial calculator steps, including the keys pressed on the calculator to solve each question.
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The Handbook Of Equity Derivatives
Authors: Jack Clark Francis, William W. Toy, J. Gregg Whittaker
1st Edition
0471326038, 978-0471326038
