Without knowing a discount rate, which of the following would most likely represent the highest present value?
A) Present value of receiving $1 at the end of each year for three years
B) Present value of receiving $3 at the end of three years
C) Present value of receiving $1 at the end of each year for five years
D) Present value of receiving $5 at the end of five years
Correct Answer:
Verified
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