Suppose you have the alternative of receiving either 24 000

Last updated: 1/14/2024

Suppose you have the alternative of receiving either 24 000 at the end of seven years or P dollars today Currently have no need for money so you could deposit the P dollars in a bank that pays 3 interest What value of P would make you indifferent in your choice between P dollars today and the promise of 24 000 at the end of seven years Click the icon to view the interest factors for discrete compounding when i 3 per year The value of P that would make you indifferent in your choice is Round to the nearest dollar