Question $8,$ P$5-17($similar

to$)$

HW Score: $53\mathrm{.}06\%,6\mathrm{.}37$ of $12$

Part $1$ of $5$

points

Points: $0$ of $1$

Time value comparisons of single amounts Personal Finance Problem In exchange for a $$23,000$ payment today, a well$-$known company will allow you to choose one of the alternatives shown in the following table$-$

Your opportunity cost is $9\%.$

a$.$ Find the value today of each alternative.

b$.$ Are all the alternatives acceptable$-$that is$,$ worth at least $$23,000$ today?

c$.$ Which alternative, if any, will you take?

a$.$ The present value of Allernative $A$ is $ $($Round to the nearest cent.$)$

Data table

$($Click on the icon here in order to copy the contents of the data table below into a spreadsheet.$)$

$\backslash$table$[[$Alternative$,$Single amount$],[$A$,$$$30,500$ at the end of $3$ yoars$],[$B$,$$$53,500$ at the end of $9$ yoars$],[$C$,$$$171,000$ at the end of $20$ years$]]$