Business, 18.11.2019 18:31 SmoothCruzito16
You won a raffle while you were down the shore with friends. for your prize, you can choose among the following three alternatives. if you believe that an 6% return is the appropriate discount rate to use, what is the present value of each alternative? which should you prefer?
a)$15,000 six years from today
b)$10,000 today
c)$4,000 today plus four annual payments of $2,000, the first of which would occur one year from today
Answers: 1
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You won a raffle while you were down the shore with friends. for your prize, you can choose among th...
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