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Consider the following alternatives: i. $ 110$110 received in one year ii. $ 210$210 received in fivefive years iii. $ 320$320 received in 1010 years
Consider the following alternatives: i. $ 110$110 received in one year ii. $ 210$210 received in fivefive years iii. $ 320$320 received in 1010 years a. Rank the alternatives from most valuable to least valuable if the interest rate is 7 %7% per year. b. What is your ranking if the interest rate is 1 %1% per year? c. What is your ranking if the interest rate is 19 %19% per year?
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