Multiple Choice
Jeff has the opportunity to receive lump-sum payments either now or in the future. Which of the following opportunities is the best, given that the interest rate is 7% per year?
A) one that pays $1,500 in five years
B) one that pays $1,000 now
C) one that pays $1,800 in ten years
D) one that pays $1,200 in two years
Correct Answer:
Verified
Correct Answer:
Verified
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