Present-value comparison

Lance Murdock
June 28, 2019
interest
June 28, 2019

(Present-value comparison)  You are offered ​$20,000 today or ​$340,000 in 10 years. Assuming that you can earn 16 percent on your​ money, which should you​ choose?

If you are offered ​$340,000 in 10 years and you can earn 16 percent on your​ money, what is the present value of ​340,000​?

​___ ​(Round to the nearest​ cent.)

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp