Suppose donald is expecting an inheritance that will pay, Ask an Expert

Economics

Suppose Donald is expecting an inheritance that will pay him $85,000 at the end of each year for the next 40 years. Since his inheritance is guaranteed money, the bank offers him $1.9 million now? Should Donald take the money now or take the annuity if the interest rate is 3%. Explain

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92636713

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