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Would you rather receive $1,000 a year for 10 years or $800 a year for 15 years if the interest rate is 5%? What if the interest rate is 20%? (LOS-3)

Would you rather receive $1,000 a year for 10 years or $800 a year for 15 years if the interest rate is 5%? What if the interest rate is 20%? (LOS-3)
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4 votes
Would you rather receive $1,000 a year for 10 years or $800 a year for 15 years if the interest rate is 5%? What if the interest rate is 20%? (LOS-3)

asked
User Saurjk
by
7.9k points

1 Answer

6 votes
Maybe $800 i think i am not sure
answered
User Ozcanovunc
by
8.1k points
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