Multiple Choice
Your grandfather has left you $150,000 in a trust fund that you cannot have for another seven years.You have decided that you really need this money now to pay for your college expenses.Your attorney offers you $80,000 for an assignment of the proceeds of the trust.If you can get a student loan at 10%,should you accept your attorney's offer?
A) No, because the $150,000 is worth more than $80,000 today.
B) No, because the $150,000 is worth less than $80,000 today.
C) Yes, because the $150,000 is worth more than $80,000 today.
D) Yes, because the $150,000 is worth less than $80,000 today.
Correct Answer:

Verified
Correct Answer:
Verified
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