7. You are considering 3 investment options. The first option will pay $50,000 1 year...
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7. You are considering 3 investment options. The first option will pay $50,000 1 year from today. The second option pays $100,000 in exactly 10 years. The third option pays nothing for 4 years and then pays $5,000 at the end of each of the next 8 years. Which investment option should be selected? Compute future values only in making your decision. Hit Make a fair financial comparison by comparing each option for an equal amount of time. Assume an interest rate of 7% per year. FINANCIAL FUNCTION COMMANDS FV RATE,NPER,PMT,PV) NPER(RATE,PMT,PV FV) PV(RATE,NPER,PMTFV) PMT(RATE,NPER,PV,FV) RATE NPER,PMT,PV,FV)
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