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Time value comparisons of single amounts Personal Finance Problem In exchange for a $20,000 payment today, a well-known company will allow you to choose one
Time value comparisons of single amounts Personal Finance Problem In exchange for a $20,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following table. Your opportunity cost is 11%. Find the value today of each alternative. Are all the alternatives acceptable-that is, worth at least $20,000 today? Which alternative, if any, will you take? The present value of Alternative A is $___. (Round to the nearest cent.)
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