Question:
In Problem 1, if you had to wait 12 years to get the $100,000, would your answer change? All other factors remain the same.
Problem 1, Your uncle offers you the choice of $100,000 in 10 years or $45,000 today. If money is discounted at 8 percent, which should you choose?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references. Provide step by step solutions for the above question.