78.5k views
3 votes
Esther, Vida, and Clair were asked to consider two different cash flows: GH¢1000 that they could receive today and GH¢3000 that would be received 3 years from today. Esther wanted the GH¢1000 today, Vida chose to collect GH¢3000 in 3 years, and Clair was indifferent between these two options. Which of the three women made the right choice

1 Answer

2 votes

Answer:

Explanation:

The explanation is given in the attached picture below

Esther, Vida, and Clair were asked to consider two different cash flows: GH¢1000 that-example-1
User Piercy
by
5.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.