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    sassy29345's Avatar
    sassy29345 Posts: 2, Reputation: 1
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    #1

    Mar 31, 2007, 04:31 PM
    Future and present value
    Your rich godfather has offered you a choice of one of the three following alternatives: $10, 000 now; $2,000 a year for eight years: or $24,000 at the end of eight years. Assuming you could earn 11 percent annually, which alternative should you choose? If you could earn 12 percent annually, would you still choose the same alternative
    bmharris's Avatar
    bmharris Posts: 2, Reputation: 1
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    #2

    Feb 19, 2009, 12:26 PM
    Your rich godfather has offered you a choice of one of the three following alternatives: $10,000 now; $2,000 a year for eight years; or $24,000 at the end of eight years.assuming 12% annually, would you still choose the same alternative?
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    bmharris Posts: 2, Reputation: 1
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    #3

    Feb 19, 2009, 12:35 PM
    Your rich godfather has offered you a choice of one of the three following alternatives: $10, 000 now; $2,000 a year for eight years: or $24,000 at the end of eight years. Assuming you could earn 11 percent annually, which alternative should you choose? If you could earn 12 percent annually, would you still choose the same alternative

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