Future value your rich godfather has offered

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Reference no: EM13135299

Future Value
Your rich godfather has offered you a choice of one of the three following alternatives: $10,000 now; $2,000 a year for eight yeaers; or $24,000 at the end of eight years. assuming you could earn 11 percent annually, which alterantive should you coose? If you could earn 12 percent annually, would you still choose the same alterantive.

Reference no: EM13135299

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