Your grandfather has offered you a choice of one of the three alternatives Option 1 Option
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Question:
Your grandfather has offered you a choice of one of the three alternatives
Option 1 | Option 2 | Option 3 |
$5000 today | $1000 a year for eight years | $12000 at the end of eighth year. |
a. Assume you can earn 11% annually which option you will choose.
b. Assume you can earn 12% annually which option you will choose.
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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