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CHAPTER 5 Time Value of Money Alternative Single amount $28,500 at end of 3 years $54,000 at end of 9 years $160,000 at end of

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CHAPTER 5 Time Value of Money Alternative Single amount $28,500 at end of 3 years $54,000 at end of 9 years $160,000 at end of 20 years a. Find the value today of each alternative. b. Are all the alternatives acceptable? That is, are they worth $20,000 today? c. Which alternative, if any, will you take? Personal Finance Problem Alevander has an opportunity to purchase a

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