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Your aunt has offered you a choice of one of the three following alternatives: $20,000 now; $5,000 a year for five years; or $24,000 at
Your aunt has offered you a choice of one of the three following alternatives: $20,000 now; $5,000 a year for five years; or $24,000 at the end of six years. Assuming you could earn 4 percent annually, which alternative should you choose if you follow time value of money principles?
Group of answer choices
a$20,000 now
bNo answer text provided.
c$24,000 at the end of six years
d$5,000 a year for five years;
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