The local community center has been notified that it is the beneficiary of an endowment. The community

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The local community center has been notified that it is the beneficiary of an endowment. The community center can accept cash today in the amount of $550,000 or receive $875,000 in 5 years. The community center expects to be able to invest the money at a 5% interest rate if it were to take the money now. Should it take the money now or wait?

Posted Date: Sep 19, 2021 06:53 AM

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The local community center has been notified that it is the beneficiary of an endowment. The community

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