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What if your rich godfather has offered you a choice of one of the three following alternatives 10000 now 2000 a year for eight years or 24000 at the end of eight years?
Wiki User
∙ 15y ago
Let us assume you can invest the money and get a return of 6% per year, compounded monthly.
Now let's look at the choices:
# 10,000 now. In 8 years you will have $16,141. # 2,000 a year for 8 years. In 8 years you will have $23,802 # 24,000 at the end of 8 years. That's the best choice. However, if you think you can do better than 6% per year, then choice (2) starts looking better! Of course there are other considerations, like if you need the $10K now to buy a car or for the down payment on a house, you may not want to wait.
Wiki User
∙ 15y ago
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What if your rich godfather has offered you a choice of one of the three following alternatives 10000 now 2000 a year for eight years or 24000 at the end of eight years Assuming you could earn 11 pe?
If you do not need the money now, it will be best to wait until the end of 8 years for your money. You need to determine what is best for you are the present time.
What are some good alternatives to First Choice Power?
Alternatives to the Texan energy supplier First Choice Power are the following companies who operate in Texas: Just Energy, TXU Energy, Reliant Energy and Ambit Energy.
What do all alternatives have in common?
A first choice
What is meaning of alternative?
Offering a choice of two things., Disjunctive; as, an alternative conjunction., Alternate; reciprocal., An offer of two things, one of which may be chosen, but not both; a choice between two things, so that if one is taken, the other must be left., Either of two things or propositions offered to one's choice. Thus when two things offer a choice of one only, the two things are called alternatives., The course of action or the thing offered in place of another., A choice between more than two things; one of several things offered to choose among.
All the possible alternatives that are rejected when a choice is made?
Trade-Offs.
When someone makes a choice all the other alternatives that are given up by making that choice are called?
Trade-offs
What is something you might use to help you make a choice between 2 seemingly equal alternatives?
Information that will cut through the "seemingly", and show them to be unequal alternatives.
Who plays Michael corleones daughter in the godfather part 111?
Sofia Coppola was given the role after the original choice
What services are offered by Birmingham Home Choice in the UK?
Some serviced that are offered by Birmingham home Choice in the UK are (but not limited to) government help for welfare. Check out the Birmingham Home Choice web site for more information.
What does whether mean?
The word whether is used to express a doubt or choice between alternatives. It is a conjunction.
What is the name of the process that weighs the alternatives gathers all necessary information and can ultimately lead you to the best choice in any given situation?
What is the name of the process that weighs the alternatives, gathers all necessary information, and can ultimately lead you to the best choice in any given situation
Which contribution to modern democracy did NOT come from the Roman Republic?
With questions regarding a choice, one has to list the alternatives.
