Bill oblarney tells you that he plans to give you 1 million, Financial Management

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Bill oblarney tells you that he plans to give you 1 million

Bill O'Blarney tells you that he plans to give you $1 million as a birthday present on your 75th birthday. You are now 25—and a bit skeptical. You suggest that he deposit the present value of this nice gift today in an investment account for you. If the investment could earn 8 percent annually for the next 50 years, how much should he deposit today? (Ignore taxes.)

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Financial Management: Bill oblarney tells you that he plans to give you 1 million

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Financial Management: Bill oblarney tells you that he plans to give you 1 million

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