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Time value comparisons of single amounts Personal Finance Problem in exchange for a $23,000 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 $23,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following table: Your opportunity cost is 9%. a. Find the value today of each alternative. b. Are all the alternatives acceptablethat is, worth at least $23,000 today? c. Which alternative, if any, will you take? a. The present value of Alternative A is $ . (Round to the nearest cent.) Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Alternative Single amount $26,500 at the end of 3 years $58,500 at the end of 9 years $177,500 at the end of 20 years Print Done
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