6)

You are thinking of retiring. Your retirement plan will pay you either $200,000 immediately on retirement or $280,000 five years after the date of your retirement. Which alternative should you choose if the interest rateis: a. 0% per year? b. 8% per year? c. 20% per year? a. If the interest rate is 0% per year, which alternative should you choose? You should = Wait until five years after rearmament OR take the money now? (Select from the drop-down menu.)