Mathematics, 30.09.2019 23:00, robert7248

Suppose that you are given a choice of receiving your scholarship in the amounts of $5,000 today and $5,000 next year, or receiving $9,000 all at once today. if the interest rate is 10%, which choice should you choose in order to maximize the present value of your scholarship?

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Suppose that you are given a choice of receiving your scholarship in the amounts of $5,000 today and...