Thursday
July 24, 2014

Homework Help: Finance

Posted by Reba on Saturday, October 25, 2008 at 11:30pm.

i Craig:

I am already having trouble understanding Chapter 6, problem 2 on page 207 of textbook. I am currently on week 3 of the FIN 200 class. The problem reads as follows:

If you require a 9 percent return on your investments, which would you prefer?

a. $5,000 today
b. $15,000 five years from today
c. $1,000 per year for 15 years

Please help or give me some guidance. Thank you.

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