question archive Sharon Smith will receive 1 million in 20 years
Sharon Smith will receive 1 million in 20 years
Subject:FinancePrice: Bought3
Sharon Smith will receive 1 million in 20 years. The discount rate is 10%. As an alternative, she can receive $200,000 today. Which should she choose? The $1 million in 20 years. The $200,000 today Both equal the same value. Neither option would be preferred.
