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bigexternal bigexternal
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7 years ago
Your grandfather has left you $150,000 in a trust fund that you cannot have for another seven years. You have decided that you really need this money now to pay for your college expenses. Your attorney offers you $80,000 for an assignment of the proceeds of the trust. If you can get a student loan at 10%, should you accept your attorney's offer?
A) No, because the $150,000 is worth more than $80,000 today.
B) No, because the $150,000 is worth less than $80,000 today.
C) Yes, because the $150,000 is worth more than $80,000 today.
D) Yes, because the $150,000 is worth less than $80,000 today.
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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We're using: Corporate Finance Online (Eakins, McNally)
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BlimpBlimp
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7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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bigexternal Author
wrote...
#2
7 years ago
I'm surprised how many intellects exist in this community, thank you
We're using: Corporate Finance Online (Eakins, McNally)
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