Amy G.

asked • 01/19/14

interest earned

you are offered $900 five years from now or $150 at the end of each year for the next five years.  If you can earn 6 percent on your funds, which offer will you accept?  If you can earn 14 percent on your funds, which offer will you accept?  why are your answers different?

Michael F.

This problem is the duplicate of her previous problem.
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01/20/14

2 Answers By Expert Tutors

By:

Parviz F. answered • 01/19/14

Tutor
4.8 (4)

Mathematics professor at Community Colleges

Steve S. answered • 01/19/14

Tutor
5 (3)

Tutoring in Precalculus, Trig, and Differential Calculus

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