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What is the pv of the sets

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Reference no: EM133009911

Problem 1: Matt has some rare Lego sets that he has calculated will be worth $16,000 if he holds onto them for 8 years. He also has a mutual fund that earns 11.5% interest, compounding monthly. Matt was just offered $6,500 for the sets today. What is the PV of the sets? Should he sell them today?

Group of answer choices

Option 1: $6,404.30. Yes, sell today.

Option 2: $6,500.00. Yes, sell today.

Option 3: $6,603.08. No, don't sell today.

Option 4: $6,697.63. No, don't sell today.

Reference no: EM133009911

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