Conrad has $10,000; he is considering whether to (1) invest in a mutual fund with an 8% annual interest rate or (2) remodel his kitchen. If he remodels the kitchen, he will be able to sell his home for an additional $13,000 when he moves at the end of five years. Which of the following statements is (are) TRUE? 
A) II
B) I
C) I and II
D) I and III
Correct Answer:
Verified
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Table 14.2
Period
Costs
Benefits
0
$2,000
$
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Table 14.1
Time
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