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Match the interest rate situation with the preferred financial decision, all else being the same. [Choose] If your opportunity cost (the interest rate available to

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Match the interest rate situation with the preferred financial decision, all else being the same. [Choose] If your opportunity cost (the interest rate available to you for money you invest) is relatively low... [Choose) If your opportunity cost (the interest rate available to you for money you invest) is relatively high. Match the interest rate situation with the preferred financial decision, all else being the same. your opportunity cost (the [Choose ] interest rate available to you fo it is preferable to receive fewer dollars sooner. money you invest) is relatively it is preferable to receive more dollars later. low... [Choose ] If your opportunity cost (the interest rate available to you for money you invest) is relatively high... You will receive a series of $588 payments, annually, beginning exactly 9 years from today, for a total of 5 payments. The relevant interest rate (your opportunity cost) is 9% (as an EAR). What is the present value today (year 0) of this series of payments? Margin of error for correct answers: +/- .05. Do not round any intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.345678 then you should enter 12.35)

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