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Your mom is thinking of retiring. Her retirement plan will pay her either $ 300 comma 000 immediately on retirement or $ 420 comma 000

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

$ 300 comma 000

immediately on retirement or

$ 420 comma 000

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

0 %

per year?

8 %

per year?

20 %

per year?

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