Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / You inherit $554,000. You can receive the $554,000

You inherit $554,000. You can receive the $554,000

You inherit $554,000. You can receive the $554,000 in one lump sum payment today or, alternatively, receive two amounts: $354,000 in 11 months and $220,000 in 21 months from today. If you can earn 5.7% per annum compounding monthly on your monies, what is the value of the option to receive two payments (in present day value)?

(to nearest whole dollar,; don’t use $ sign or commas)

Aug 10 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions