What is the required upfront deposit

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Present value.

Two rival football fans have made the following? wager: if one? fan's college football team wins the conference title? outright, the other fan will donate $2,200 to the winning school. Both schools have had relatively unsuccessful? teams, but are improving each season. If the two fans must put up their potential donation today and the discount rate is 9?% for the? funds,

What is the required upfront deposit if we expect a team to win the conference title in 4?years?  

What is the required upfront deposit if we expect a team to win the conference title in 12 ?years?  

What is the required upfron depostit if we expect a teach to win the conference title in 18 ?years?

Reference no: EM131810983

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