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
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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Option 1 85000 1469 124865 Option 2 Year ... View full answer
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