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Other Fields Homework Help Accounting Topic started by: johndoris on Jan 29, 2023



Title: Marilyn's parents have agreed to help her purchase a new car upon graduation in four years. They ...
Post by: johndoris on Jan 29, 2023
Marilyn's parents have agreed to help her purchase a new car upon graduation in four years. They have given her two choices. The first choice is that they will give her $4,000 each year for the next four years for her to invest herself. The second choice is that they will wait four years and give her $18,000. Marilyn can invest the money at a 4% rate.

Required:

a.Which option should Marilyn choose? Why?
b.If Marilyn can invest the money at 8%, which options should she choose? Why?


Title: Marilyn's parents have agreed to help her purchase a new car upon graduation in four years. They ...
Post by: andrat on Jan 29, 2023
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