Short Answer
Your Aunt Matilda Mae makes you the following offer: $15,000 upon graduation in one year or $18,000 upon MBA graduation in 3 years.
a) Which offer should you take if current rates are 14%
b) Which offer should you take if current rates are 5%
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a) PV of $15,000 in one year at 14% = $1...View Answer
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Correct Answer:
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