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Business, 08.04.2020 01:26 bvallinab

Suppose you have the option of receiving either $10,000 at the end of 5 years or P dollars today. Currently you have no need for money, so you would deposit the P dollars in a bank that pays 6% interest. What value of P would make you indifferent in your choice between P dollars today and the promise of $10,000 at the end of 5 years

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Suppose you have the option of receiving either $10,000 at the end of 5 years or P dollars today. Cu...
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