Find the best payment alternative assuming the following


Question: Assume you can choose one of the following payment alternatives:

Receiving $3,000 right now (at the present time)

Receiving $5,000 in five years from now

Receiving $1,000 each year for four years starting from year 1

Find the best payment alternative assuming the following interest rates (discount rates) 5% discount rate (interest rate) 10% discount rate (interest rate) Please show all your work.

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Finance Basics: Find the best payment alternative assuming the following
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