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If the interest rate is 6%, which of these investments would you prefer? A single payment of $500 in year 3. A payment of $40

If the interest rate is 6%, which of these investments would you prefer?

A single payment of $500 in year 3.

A payment of $40 a year for 20 years starting in one year's time.

A perpetuity of $30 a year starting in one year's time.

A payment of $342.17 today

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