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 $1 200 in two years
C) One that pays $1 800 in ten years
D) One that pays $1 000 now
Correct Answer:
Verified
Correct Answer:
Verified
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