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13) If the interest rate is 6%, which of these investments would you prefer? A) A single payment of $500 in year 3. B) A

13) If the interest rate is 6%, which of these investments would you prefer? A) A single payment of $500 in year 3. B) A payment of $40 a year for 20 years starting in one years time. C) A perpetuity of $30 a year starting in one years time. D) A payment of $342.17 today

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