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Consider the following alternatives: $300 received in one year $500 received in 5 years $700 received in 10 years a. Rank the alternatives from most
Consider the following alternatives: $300 received in one year $500 received in 5 years $700 received in 10 years a. Rank the alternatives from most valuable to least valuable if the interest rate is 10% per year. b. What is your ranking if the interest rate is only 7% per year? c. What is your ranking if the interest rate is 18% per year?
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