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rate is: a. 0% per year? b. 8% per year? c. 20% per year? a. Which alternative should she choose if the interest rate is

rate is:\ a.

0%

per year?\ b.

8%

per year?\ c.

20%

per year?\ a. Which alternative should she choose if the interest rate is

0%

per year?\ If the interest rate is

0%

per year, the present value of the amount to be received 5 years after retirement is

$

. (Round to the nearest cent.)

image text in transcribed
rate is: a. 0% per year? b. 8% per year? c. 20% per year? a. Which alternative should she choose if the interest rate is 0% per year? If the interest rate is 0% per year, the present value of the amount to be received 5 years after retirement is $. (Round to the nearest cent.)

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