When Peter decided to sell his farm, he received two offers. If he accepts the first offer (Offer 1), he would receive

$230,000

now,

$730,000

one year from now, and

$600,000

two years from now. If he accepts the second offer (Offer 2), he would receive

$640,000

now,

$400,000

one year from now, and

$180,000

two years from now. If money is worth

14%,

which offer should he accept

When Peter decided to sell his farm, he received two offers. If he accepts the first offer (Offer 1), he would receive

$230,000

now,

$730,000

one year from now, and

$600,000

two years from now. If he accepts the second offer (Offer 2), he would receive

$640,000

now,

$400,000

one year from now, and

$180,000

two years from now. If money is worth

14%,

which offer should he accept