Question: Time value comparisons of single amountsIn exchange for a $23,000 payment today, a well-known company will allow you to choose one of the alternatives shown

Time value comparisons of single amountsIn 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%.

Alternative Single amount A $28,500 at end of 3 years B $54,000 at end of 9 years C $160,000 at end of 20 years

Find the value today of each alternative.

Are all the alternatives acceptable? That is, are they worth $23,000 today?

Which alternative, if any, will you take?

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