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Assume money can earn 15% compounded semiannually Rank the following payments in order of the payee's first choice, second choice, and third choice, respectively:
Assume money can earn 15% compounded semiannually Rank the following payments in order of the payee's first choice, second choice, and third choice, respectively: $10,000 paid today. $20,000 to be paid five years from today, or $13,500,000 to be paid fifty years from today. Multiple Choice $10,000, $20,000, $13,500,000 $10,000, $13,500,000, $20,000 $13,500,000, $10,000, $20,000
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