Question

If you receive an inheritance and have two payment options, would you prefer $85,000 now or payments made at the beginning of each year in the following way?
Year 1 .......... $20,000
Year 2 .......... $25,000
Year 3 .......... $15,000
Year 4 .......... $10,000
Year 5 .......... $25,000
Calculate the future value of both options by the end of the fifth year if you can get 8% on your investment.



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  • CreatedDecember 03, 2014
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