Question: As payment for programming services your consulting company provided, a client offers you two choices: (1) $10,000 now or (2) a share in the company,
As payment for programming services your consulting company provided, a client offers you two choices: (1) $10,000 now or (2) a share in the company, which you are fairly sure will be worth $15,500 four years from now. Using a discount factor of 10 percent, which offer should you choose?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
