You just won the lottery.You have a choice of three different prize options.
Option #1: receive $1,200 immediately;
Option #2: receive $1,500 a year from now;
Option #3: receive $1,800 five years from now.
If the interest rate is 15% the ranking of the options,from the lowest present value to the highest is

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The Answer of You just won the lottery.You have a choice of three different prize options.
Option #1: receive $1,200 immediately;
Option #2: receive $1,500 a year from now;
Option #3: receive $1,800 five years from now.
If the interest rate is 15% the ranking of the options,from the lowest present value to the highest is

You Just Won the Lottery