A rational person would prefer which of the following cash flows.
a $ per year for years with the first payment made one year from today
b $ per year for years with the first payment made today
c $ paid today
d $ paid today and $ paid next year
e $ paid today
enter or e
Answer format: Text
What is the value today of a money machine that will pay $ per year for years? Assume the first payment
is made one year from today and the interest rate is
Answer format: Currency: Round to: decimal places.
What is the value today of a money machine that will pay $ per year for years? Assume the first payment
is made years from today and the interest rate is
Answer format: Currency: Round to: decimal places.
