Posted by alaina on .
Write a four paragraph answer, citing the text, to – Would you be willing to pay $500 today in exchange for $10,000 in 30 years? What would be the key considerations in answering yes or no? Would your answer depend on who is making the promise to repay? For purpose of comparison, compute the annual rate of return on this investment.
I wouldn't. At age 76, I won't live another 30 years.
What is YOUR answer?