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johndoris johndoris
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A year ago
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?
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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andratandrat
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A year ago
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johndoris Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
mkyoungs
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Yesterday
Thank you, thank you, thank you!
cipcal
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2 hours ago
Good timing, thanks!
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