Assume an annual interest rate of 16 calculate the present


Question - You have won a prize of $48,000. But, you must decide whether to receive $8,000 at the end of every year for 6 years, or to receive $4,000 at the end of every 6 months for 6 years. Assume an annual interest rate of 16%. Calculate the present value of each alternative, and indicate which alternative you would prefer.

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Accounting Basics: Assume an annual interest rate of 16 calculate the present
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