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Jeff has the opportunity to receivelump-sum payments either now or in the future. Which of the following opportunities is thebest, given that the interest rate

Jeff has the opportunity to receivelump-sum payments either now or in the future. Which of the following opportunities is thebest, given that the interest rate is 5% peryear?

one that pays $1,000 now

one that pays $1,200 in two years

one that pays $1,500 in five years

one that pays $1,800 in ten years

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