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Your mom is thinking of retiring. Her retirement plan will pay her either $ 200,000 immediately on retirement or $ 280,000 five years after the

Your mom is thinking of retiring. Her retirement plan will pay her either $ 200,000 immediately on retirement or $ 280,000 five years after the date of her retirement. Which alternative should she choose if the interest rate is: a. 0 % per year? b. 8 % per year? c. 20 % per year?

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