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For this question, assume that the interest rate is greater than 0. Given this information and the information about the payments provided below, rank the
For this question, assume that the interest rate is greater than 0. Given this information and the information about the payments provided below, rank the following three sequences of payments according to their present value. Please provide an explanation for why.
"A" "B" "C"
2005 $190 $200 $210
2006 $200 $200 $200
2007 $210 $200 $190
Possible answers are:
A > C > B C > B > A B > A > C A > B > C I belive it to be this one but it was incorrect? It still could be right I just need to know why. C > A > B
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