Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you are offered $90,000 today or $340,000 in 10 ye

You are offered $90,000 today or $340,000 in 10 years. Assuming that you can earn...

60.1K

Verified Solution

Question

Finance

You are offered $90,000 today or $340,000 in 10 years. Assuming that you can earn 13 percent on your money, which should you choose? Question content area bottom Part 1 If you are offered $340,000 in 10 years and you can earn 13 percent on your money, what is the present value of $340,000? (Round to the nearest cent.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Scenario: You have recently gained employment as a Trainee Engineering Manager with a large multinational company which...

Operations Management
Q

you are given a heart and need to orient it to the correct position. What visually...

Medical Sciences
Q

What is the role of hemoglobin in CO2 transport? What is the role of bisphosphoglycerate (BPG) in...

Biology
Q

1.As a result of any natural process, the total entropy of any system plus that of...

Physics
Q

Which method you wouldn't use to differentiate Proteus vulgaris from Salmonella sp.?A. Urea testB. Inoculation...

Biology
Q

y 2 x 3 64 1 What is the length of the transverse axis

Geometry
Q

A grocery store orders 4 large containers of milk for every 7 small containers of...

Basic Math
Q

Graph f(x)=x2-4Identify any positive intervalsA. The interval (-2,2) is positive OB. The intervals (-2,0) and...

Basic Math
Q

If f(x) = (x-2)/(x+3) where is f not differentiable?X =

Basic Math
Q

a. If $80,000 is invested at 8%, compounded annually, find the future value in 2...

Algebra
Q

Do the following events represent business transactions? Explain your answer in each case. (a) A...

Accounting
Q

Kohler Corporation reports the following components of stockholders' equity at December 31, 2019. During 2020,...

Accounting