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Your grandmother left you $90,000 that you'll receive when you turn 40 in 17 years. Since you'd rather have some money now, you want to
Your grandmother left you $90,000 that you'll receive when you turn 40 in 17 years. Since you'd rather have some money now, you want to sell your claim to the inheritance.
Part 1: What is the minimum amount that you should sell your claim for now if the interest rate is 6%?
Part 2: What is the minimum amount that you should sell your claim for now if the interest rate is 10%?
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