Posted: April 22nd, 2017
Your brother has offered to give you either $5,000 today or $10,000 in 10 years. If the interest rate is 7% per year, which option is preferable?
Your brother has offered to give you either $5,000 today or $10,000 in 10 years. If the interest rate is 7% per year, which option is preferable?
Consider the following alternatives.
$100 received in 1 year
$200 received in 5 years
iii. $300 received in 10 years
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