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Use the Following Information to Answer the Question(s)below

Question 9

Multiple Choice

Use the following information to answer the question(s) below.Consider the following four alternatives:
1.$132 received in two years.
2.$160 received in five years.
3.$200 received in eight years.
4.$220 received in ten years.
-The ranking of the four alternatives from most valuable to least valuable if the interest rate is 6% per year would be:


A) 1,2,3,4.
B) 1,3,2,4.
C) 4,3,1,2.
D) 3,4,2,1.

Correct Answer:

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