Wylie has been offered the choice of receiving $5,000 today or an agreed-upon amount in 1 year. while negotiating the future amount, wylie notes that he would be willing to take no less than $5,700 if he has to wait a year. what is his tvom in percent? wylie has been offered the choice of receiving ,

The answer is 14%

Explanation:

Formula for Future value (FV)                    FV = PV (1+ni)

Whereas FV= Future value, PV = present value, n= number of years, i= TVOM in percentage

Rearranging the formula for i

     i =        (FV/PV)-1

So, i =       (5,700/5,000)-1

      i =      1.14-1

      i =      0.14

      i =       14%

(0.14x100=14%)

its kinda hard to answer this when we dont have all the information that we need.

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