Jeff has the opportunity to receive lump-sum payments either now or in the future. Which of the following opportunities is the best, given that the interest rate is 4% per year?
A) one that pays $900 now
B) one that pays $1080 in two years
C) one that pays $1350 in five years
D) one that pays $1620 in ten years
Correct Answer:
Verified
Q100: Is there a need to distinguish between
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