Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Get quick and reliable solutions to your questions from a community of experienced experts on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

You are offered $90, 000 today or $300, 000 in 14 years. Assuming that you can earn 11 percent on
your money, which should you choose?
If you are offered $300, 000 in 14 years and you can earn 11 percent on your money, what is the
present value of $300, 000 ?
(Round to the nearest cent.)
Which offer should you choose?
A . Choose $90, 000 today because its present value is higher.
B . Choose $300, 000 in 14 years because its present value is higher.

Sagot :

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.