Question: When Peter decided to sell his farm, he received two offers. If he accepts the first offer (Offer 1), he would receive $180,000 now, $730,000

When Peter decided to sell his farm, he received two offers.

When Peter decided to sell his farm, he received two offers. If he accepts the first offer (Offer 1), he would receive $180,000 now, $730,000 one year from now, and $400,000 two years from now. If he accepts the second offer (Offer 2), he would receive $620,000 now, $500,000 one year from now, and $260,000 two years from now. If money is worth 14%, which offer should he accept? Peter should accept

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