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Data Table 1 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a
Data Table 1 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet) Alternative Single amount $27,500 at the end of 3 years $53,500 at the end of 9 years $172,000 at the end of 20 years PrintDone Time value comparisons of single amounts Personal Finance Problem In exchange for a $23,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following table . Your opportunity cost is 9%. a. Find the value today of each alternative. b. Are all the alternatives acceptable-that is, worth at least $23,000 today? c. Which alternative, if any, will you take? a. The present value of Alternative A is sRound to the nearest cent) The present value of Alternative B is (Round to the nearest cent) The present value of Alternative C is S b. Are all the alternatives acceptablethat is, worth at least $23,000 today? (Select the best answer below.) (Round to the nearest cent.) O Yes O No c. Which alternative, if any, will you take? (Select the best answer below.) O A. None OB. Alternative A O C. Alternative B O D. Alternative C
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