You are given 3 investments,each costing $100,000:
(I) Government of Canada 10-year bond with a yield of j₂ = 5%
(II) An annuity paying $12,960 a year for 10 years
(III) A lump sum of $163,000 due in 10 years
Rank the above investments from highest net present value to lowest net present value.

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The Answer of You are given 3 investments,each costing $100,000: (I)Government of Canada 10-year bond with a yield of j₂ = 5% (II)An annuity paying $12,960 a year for 10 years (III)A lump sum of $163,000 due in 10 years Rank the above investments from highest net present value to lowest net present value.

You Are Given 3 Investments,each Costing $100,000