Which of the following alternatives will give the lowest present value? Receiving $500 at the end of
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Question:
Which of the following alternatives will give the lowest present value?
- Receiving $500 at the end of three years at an interest rate of 11% compounded annually
- Receiving $450 at the end of two years at an interest rate of 9% compounded annually
- Receiving $650 at the end of three years at an interest rate of 10% compounded annually
- Receiving $550 at the end of two years at an interest rate of 8% compounded annually
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