A) she been presented with the option to take a lump sum payment of $ 750,000 today
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Question:
A) she been presented with the option to take a lump sum payment of $ 750,000 today or payment in the amount $75,000 over next ten years. Assume 3% interest rate. which preferred option based the present value of both payouts?
- take the lump sum payment of 750,000
- Take the 75,00 payout over 10 year
B) You will need to meet your $ 3000 savings gold over the next 5 years. You do not have anything saved, but you are expecting to make contribution of $400 each year toward goal. what is your interest rate?
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