You are thinking of retiring. Your retirement plan will pay you either $200,000 immediately on retirement or $280,000 five years after the date of your retirement. Which alternative should you choose if the interest rate? is:
a. 0% per? year?
b. 8% per? year?
c. 20% per? year?
a. If the interest rate is 0% per? year, which alternative should you? choose?
You should wait until 5 years after retirement. or take the money now. ?(Select from the? drop-down menu.)