Question: table below, excel, or use your calculator: John was given the option of receiving his bonus today for $77,000 or wait to receive a higher
table below, excel, or use your calculator: John was given the option of receiving his bonus today for $77,000 or wait to receive a higher amount of $95,000 in 10 years. Assuming annual compounding at a rate of 4%, what is the present value of $95,000? Round your answer to the nearest dollar
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
