Wiley coyote is thinking about funding his future, Ask an Expert

Economics

Wiley Coyote is thinking about funding his future roadrunner hunting endeavors. He has found a big pile of gold worth $2,000,000 and is thinking on investing it.

For that he has contacted ACME financial services. ACME FS has told Wiley that they will be able to give him $272,020 per year for 15 years if he invests Ws gold with them.

Wiley figures gold will appreciate at a rate of 10% per year, making that his MARE.

Is Wiley better off keeping the gold or investing with ACME?

Use POP to answer this question. Draw yoin cash flow diagram. Must use Mal and error and interpolation.

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Microeconomics, Economics

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