Consider the following alternatives: i. $150 received in one year ii. $240 received in five years…

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Consider the following alternatives: i. $150 received in one year ii. $240 received in five years iii. $330 received in 10 years

a. Rank the alternatives from most valuable to least valuable if the interest rate is 9% per year.

b. What is your ranking if the interest rate is only 3% per year?

c. What is your ranking if the interest rate is 15% per year?

a. Rank the alternatives from most valuable to least valuable if the interest rate is 9% per year. First calculate the present value (PV) of each alternative: The PV of $150 received in one year if the interest rate is 9% per year is $ (Round to the nearest cent.)

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