Consider the following alternatives: i. $120 received in one year ii. $230 received in five years iii. $340 received in 10 years a. Rank the alternatives from most valuable to least valuable if the interest rate is 12% per year. b. What is your ranking if the interest rate is only 2% per year? c. What is your ranking if the interest rate is 18% per year? a. Rank the alternatives from most valuable to least valuable if the interest rate is 12% per year. First calculate the present value (PV) of each alternative: The PV of $120 received in one year if the interest rate is 12% per year is $ (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. 11 parts Clear All remaining Check