Question: Time value comparisons of single amounts Personal Finance Problem In exchange for a $20,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following table: Your opportunity cost is 11%.
Alternative Single amount
A $24,500 at the end of 3 years
B $53,000 at the end of 9 years
C $197,000 at the end of 20 years
a. Find the value today of each alternative.
b. Are all the alternatives acceptable long dash -that is, worth at least $20,000 today?
c. Which alternative, if any, will you take?