Your mom is thinking of retiring. Her retirement plan will pay her either

$ $225$ comma $000$

$$225,000$ immediately on retirement or

$ $315$ comma $000$

$$315,000$

$5$

$5$ years after the date of her retirement. Which alternative should she choose if the interest rate$$ is:

a$.$

$0\%$

$0\%$ per$$ year?

b$.$

$8\%$

$8\%$ per$$ year?

c$.$

$20\%$

$20\%$ per$$ year?

Question content area bottom

Part $1$

a$.$ Which alternative should she choose if the interest rate is

$0\%$

$0\%$ per$$ year?

If the interest rate is

$0\%$

$0\%$ per$$ year, the present value of the amount to be received

$5$

$5$ years after retirement is $$$

$$

enter your response here

$.($Round to the nearest$$ cent.$)$