Lisa preston is 22 years old, and her grandmother has remembered lisa in her will, which is now being probated. lisa has been bequeathed either a cash payment today of $35,000 or a cash payment on her birthday six years from now of $75,000. assuming an annual interest rate of 5%, lisa should take the cash and run. truefalse

False, Lisa should wait 6 years

Explanation:

Hi, in order to decide, we have to bring to present value both cash amounts, since $35,000 are already in the present, we will only have to bring to present value the $75,000 payment that will take place 6 years from no, we do this with the following formula.

So, if she waits for 6 years, she will receive today´s equivalent to $55,966.15 instead of $35,000 today.

best of luck.

they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

it is a i took the test.