Johnson is trying to sell a piece of raw land in Nanjing. Yesterday she was offered $10,000 for the property. She was about ready to accept the offer when another individual offered her $11,424. However, the second offer was to be paid a year from now. Mary has satisfied herself that both buyers are honest and financially solvent, so she has no fear that the offer she selects will fall through. Which offer should Keith choose?

Answer rating: 100% (QA)

The rate of return earned by postponing the sale 11424100001 1424 If Johnsons or ... View the full answer