You have a bonus option at work – you can accept only one of the following:
$1000 today
$10,000 in 10 years
$15,000 in 15 years
$25,000 in 20 years
If the current interest rate (and it will lock in) is 4%, which option is the best for you to select? Discuss your reasoning, process, and decision in detail. Use the concepts in our chapter to solve this problem