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Finance 1 answer below » Your aunt offers you the choice of $118,000 in 10 years or $40,000 today. (a) Calculate the present value of $118,000, if the money is discounted at 11 percent? (Round “PV Factor” to 3
decimal places and final answer to the nearest dollar amount. Omit the “$” sign in your response.) Present Value? (b) Which choice should you choose? $118,000 in 10 years. $40,000 today. View complete question » (c) Calculate Your aunt offers you the choice of $118,000 in 10 years or $40,000 today. (a) Calculate the present value of $118,000, if the money is discounted at 11 percent? (Round “PV Factor” to 3
decimal places and final answer to the nearest dollar amount. Omit the “$” sign in your response.) Present Value? (b) Which choice should you choose? $118,000 in 10 years. $40,000 today. (c) Calculate the present value, if you had to wait until 12 years to get the $118,000. (Round “PV Factor” to 3
decimal places and final answer to the nearest dollar amount. Omit the “$” sign in your response.) Present Value? (d) Now, which choice should you choose? $118,000 in 12 years. $40,000 today. View less » Jan 11 2014 03:56 AM
