You have a choice among three options.Option 1: receive R900 immediately.Option 2: receive R1 200 one year from now.Option 3: receive R2 000 five years from now.The interest rate is 15% per year.Rank these three options from highest present value to lowest present value.
A) Option 1; Option 2; Option 3
B) Option 3; Option 2; Option 1
C) Option 2; Option 3; Option 1
D) Option 3; Option 1; Option 2
Correct Answer:
Verified
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