A small business owner can accept a large retainer from a customer now, after the work has started, or at the completion of work; it is estimated that this work will take at least a year. Using the time value of money as a guideline, when should the small business owner accept the retainer?
After some of the work has been completed
0%
After the work is completed
0%
Half now and half after the work is completed
0%
Now
100%

Question

A small business owner can accept a large retainer from a customer now, after the work has started, or at the completion of work; it is estimated that this work will take at least a year. Using the time value of money as a guideline, when should the small business owner accept the retainer?

After some of the work has been completed

0%

After the work is completed

0%

Half now and half after the work is completed

0%

Now

100%

Answer

After some of the work has been completed

Answer

After the work is completed

Answer

Half now and half after the work is completed

Answer

Now

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A small business owner can accept a large retainer from a customer now, after th...

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