Assuming that mr smith does not need money desperately, Financial Management

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Assuming that mr smith does not need money desperately

Assuming that Mr. Smith does not need money desperately, which would be the best decision for Hyun-Woo (in terms of present value of future money)? (at 8% discounted interest rate)

Option 1) $100,000 now

Option 2) $148,000 in 5 years

Option 3) $172,000 in 7 years

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Financial Management: Assuming that mr smith does not need money desperately

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Financial Management: Assuming that mr smith does not need money desperately

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