Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Congratulations! You have just won a small lottery. Lottery officials give you three alternatives for receiving your winnings:

a)$8000 now

b)$1000 per year for 12 years

c)$15000 in 10 years

If you can earn 6.5% on your money, which alternative should you choose?

 

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