Write a four paragraph answer, citing the text, to – Would you be willing to pay $500 today in exchange for $10,000 in 30 years? What would be the key considerations in answering yes or no? Would your answer depend on who is making the promise to repay? For purpose of comparison, compute the annual rate of return on this investment. Respond to at least two of your fellow students’ postings.
4 answers
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Your opinion of what would be the best route to take.
I haven't computed the annual rate of return -- so don't have an opinion.
At my age, though, I won't live 30 years.
What do you think?
At my age, though, I won't live 30 years.
What do you think?
Well I guess I'll have to figure this out myself.