Consider the following alternatives: i. $120 received in one year ii. $220 received in five years iii. $350 received in

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answerhappygod
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Consider the following alternatives: i. $120 received in one year ii. $220 received in five years iii. $350 received in

Post by answerhappygod »

Consider the following alternatives:
i. $120 received in one year
ii. $220 received in five years
iii. $350 received in 10 years
a. Rank the alternatives from most valuable to least valuable if
the interest rate is 7% per year.
b. What is your ranking if the interest rate is only 2% per
year?
c. What is your ranking if the interest rate is 14% per
year?
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