October 7, 2015

Homework Help: Math!

Posted by Thara! on Saturday, March 20, 2010 at 7:22pm.

Dalya is considering two offers on a property that she is willing to sell. Mr.Wangs offer is $65000 payable immediately. Ms.Macrae's offer is for $13,000 down and $58000 payable in two years.

a) Which offer has teh greater economic value if Dalya can earn 7.50% compounded monthly on funds during this time?
the answer for this is MR.WANG'S OFFER

b) In current dollars, how much more is this offer worth?
the answer is $2056

i dont understand how to find tthat answer.i tried some ways but it comes differnt answer that i dnt get it.plz help.

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