Question

If the interest rate is 12%, which prize has the highest value. *
As a winner of a competition, you can choose one of the following prizes:

a 3 600,000 now
b. Ž 1,000,000 at the end of 7 years
c. 370,000 a year forever
d. * 100,000 per year for 12 years

If the interest rate is 12 percent, which prize has the highest present value​

Answer 1

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