Asked by Tammy
Your uncle offers you a choice of $30,000 in 50 years or $95 today. If money is discounted at 12 percent, which should you choose? Can anyone tell me if this is right and if not what am I doing wrong.
30,000 x 0.003
= $90
Option 2:
PV = $95
30,000 x 0.003
= $90
Option 2:
PV = $95
Answers
Answered by
julie
how can using a bank cash management service reduce opportunity cost for a healthcare organization?