Posted: January 14th, 2016

In which of the following instances is the present value of the future payment the largest?

. In which of the following instances is the present value of the future payment the largest?

  1. You will receive receive $1,000 in 5 years and the annual interest rate is 5 percent.
  2. You will receive $1,000 in 10 years and the annual interest rate is 3 percent.
  3. You will receive $2,000 in 10 years and the annual interest rate is 10 percent.
  4. You will receive $2,400 in 15 years and the annual interest rate is 8 percent.

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