document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1161012>Question 1161012</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You inherit $429,000. You can receive the $429,000 in one lump sum payment today or, alternatively, receive two amounts: $229,000 in 8 months and $220,000 in 21 months from today. If you can earn 13.3% per annum compounding monthly on your monies, what is the value of the option to receive two payments (in present day value)? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #785083 by </B><A HREF=/tutors/aboutme.mpl?userid=MathTherapy><B>MathTherapy(10556)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=MathTherapy><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=MathTherapy><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=785083\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <BR>\n" );
document.write( "You inherit $429,000. You can receive the $429,000 in one lump sum payment today or, alternatively, receive two amounts: $229,000 in 8 months and $220,000 in 21 months from today. If you can earn 13.3% per annum compounding monthly on your monies, what is the value of the option to receive two payments (in present day value)? </SPAN>\n" );
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