Business, 01.04.2020 18:05 jessieeverett432

D- A genie popped out of a bottle and offered you one of three choices:
1. $5,000 today.
2. $10,000 10 years from now.
3. a 12-year annuity, paying $1,000 a year starting at the end of this year.

Your required rate of return is 9%. Which alternative is worth more to you?

Answers: 3

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D- A genie popped out of a bottle and offered you one of three choices:
1. $5,000 today.

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