Question: Which do you prefer? P1,000 now, P2,000 in five years, or P3,000 in ten years under the following circumstances? (a) Time value of money is

Which do you prefer? P1,000 now, P2,000 in five years, or P3,000 in ten years under the following circumstances?

(a) Time value of money is 12%; (b) Time value of money is 16%; (c) Time value of money is 8%

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