You have been offered an investment that will pay you 9 per


a) You have been offered an investment that will pay you 9% per year. If you invest $15,000, how long until you have $45,000?

b) Which do you prefer $5,500 cash now, or $1200 each year for 5 years? Assume a discount rate of 10%.

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Accounting Basics: You have been offered an investment that will pay you 9 per
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