Your Godmother left you an inheritance of $100,000 , payable to you when you turn 26 years old. You are now 21. Currently, the annual rate of interest that can be obtained by buying 5-year bonds is 3.1 percent. Your mother offers you $103,012.02 cash right now to sign over your inheritance. Should you do it? Explain your answer.
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Home » Business » Your Godmother left you an inheritance of $100,000 , payable to you when you turn 26 years old. You are now 21. Currently, the annual rate of interest that can be obtained by buying 5-year bonds is 3.1 percent. Your mother offers you $103,012.