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Which one of the following would have the smallest present value, assuming a positive discount rate? $1,000 today plus $100 a month for 2 years.
Which one of the following would have the smallest present value, assuming a positive discount rate?
$1,000 today plus $100 a month for 2 years. | ||
$1,000 today plus $200 a month for a year. | ||
$1,000 today plus $400 a month for six months. | ||
$2,200 today plus $200 a month for six months. | ||
$2,200 today plus $100 a month for a year. |
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