You are offered $25,000 now or $30,000 five years from now with a simple annual rate...

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You are offered $25,000 now or $30,000 five years from now with a simple annual rate of 4.5% (0.045). Present Value B. $25,000 2 3 4 Future Value A. $30,000 Calculate and provide the answers to both A and B. Once complete, think about the following: Which option would you choose and why? You are offered $25,000 now or $30,000 five years from now with a simple annual rate of 4.5% (0.045). Present Value B. $25,000 2 3 4 Future Value A. $30,000 Calculate and provide the answers to both A and B. Once complete, think about the following: Which option would you choose and why?

Answer rating: 100% (QA)

To calculate the present value PV and future value FV using simple interest you can use th... View the full answer