Peter has a choice if investing $100,000 and gets returns of either as
Plan (i) ::: he is receiving a single payment at the end of the third year with the interest rate of 8% compounded monthly, or
Plan (ii) ::: he is receiving $30,000 at the end of the first year, $40,000 at the end of the second year, and $50,000 at the end of the third year
(b) What is the Net Present Value of the investment in Plan (ii) if the interest rate is 8% compounded monthly?
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