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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
(Present value tables required) You won the lottery and have a number of choices as to how to take the money. Which choice yields a greater present value?
A) $92,000 (lump sum) 7 years from now using an 8% discount rate
B) $53,500 (lump sum) now using a 6% discount rate
C) $12,000 a year at the end of each of the next 6 years using a 6% discount rate
D) $90,000 (lump sum) 7 years from now using a 6% discount rate
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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5 years ago
thanks
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