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Suppose that the interest rate is 2 percent. Consider three payment options: 1. $700 today. 2. $710 one year from today. 3. $730 two years

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Suppose that the interest rate is 2 percent. Consider three payment options: 1. $700 today. 2. \$710 one year from today. 3. $730 two years from today. 4. $760 three years from today. Based on this information, option has the lowest present value, while option has the highest present value

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