Your trust fund will pay you $100,000 in years when you turn 25. A shady...
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Accounting
Your trust fund will pay you $100,000 in years when you turn 25. A shady financial institution has encouraged you to sign away the rights to your trust fund in exchange for cash today. Would you prefer that the financial institution use a discount rate of 8% or 10% to determine the value of your lump sum payment? Why? A wealthy woman just died and left her pet cats the following estate: $50,000 per year for the next years with the first cash flow today. At a discount rate of 3.2%, what is the feline estate worth in today dollars? Complete the equal-payments three-year amortization table
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