Question
Your uncle offers you a choice of $114,000 in 10 years or $53,000 today. Use Appendix B as an approximate answer, but calculate your final
| Your uncle offers you a choice of $114,000 in 10 years or $53,000 today. Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods. |
| a-1. | If money is discounted at 9 percent, what is the present value of the $114,000? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Present value | $ |
| a-2. | Which offer should you choose? | ||||
|
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Stochastic Filtering With Applications In Finance
Authors: Bhar Ramaprasad
1st Edition
9814304859, 9789814304856
