March 30, 2017

Post a New Question

Posted by on .

Suppose you were offered $2,000 to be delivered in 1 year. Further suppose you had the alternative of putting money into a safe certificate of deposit paying annual interest at 10 percent. Would you pay $1,900 in exchange for $2,000 after 1 year? What is the maximum amount you would pay for the offer of $2,000? Suppose the offer was $2,000, but delivery was to be in 2 years instead of 1 year. What is the maximum amount you would be willing to pay?

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question