Tuesday
March 31, 2015

Homework Help: math

Posted by Robert on Monday, January 11, 2010 at 11:52am.

Your rich godfather has offered you a choice of one of the three following alternatives: $10,000 now; $2,000 a year for eight years; or $24,000 at the end of eight years. Assuming you could earn 11 percent annually, which alternative should you choose? If you could earn 12 percent annually, would you still choose the same alternative?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

accounting - Your rich godfather has offered you a choice of one of the three ...
accounting help please?! - Nancy Sly wishes to sell her business and receives ...
accounting help please?! - Nancy Sly wishes to sell her business and receives ...
finance - "You are told you will receive the following cash payments at the end ...
eng.Economic - deposits $1,000 now, $2,000 2 years from now, and $5,000 5 years ...
personal finance - A.After a protracted legal case, Joe won a settlement that ...
personal finance - After a protracted legal case, Joe won a settlement that will...
Math Word Problem - The Mesozoic Era began about 250,000,000 years ago. The ...
corporate finance - Suppose that you are now in your final semester of your MBA ...
Finance - Please answer these questions: 1. After a protracted legal case, Joe ...

Members