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If the interest rate is 5%, which of these investments would you prefer? Multiple Choice A payment of $602 today. A payment of $51 a

If the interest rate is 5%, which of these investments would you prefer?

Multiple Choice A payment of $602 today. A payment of $51 a year for 20 years starting at the end of 1st year. A single payment of $641 at the end of 1st year. An ordinary perpetuity of $30.

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