Solution-Which do you prefer 5500 cash now or 1200 each

Which do you prefer 5500 cash now or 1200 each year for

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a) You have been offered an investment that will pay you 9% per year. If you invest $15,000, how long until you have $45,000?

b) Which do you prefer $5,500 cash now, or $1200 each year for 5 years? Assume a discount rate of 10%.

Reference no: EM13966423

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Which do you prefer 5500 cash now or 1200 each year for

Reference no: EM13966423

Reference no: EM13966423

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