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You inherit $554000 You can receive the $554000 in one lump sum payment today or alternatively, receive two amounts $354000 in 11 months and $220000 in 21 months from today If you can earn

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 16 2020 Read more Less More

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