Multiple Choice
Which of the following statements is not true?
A) Most people prefer to consume now than in the future.
B) If you put $100 in a bank on 1/1/2010 and it earns compound interest at an annual rate of 10%,on 12/31/2011,you will have exactly $220.
C) a dollar received today starts earning interest sooner than one received tomorrow.
D) starting to save $2,000 a year at 10% at age 23 doubles the cash you would have if instead you started saving $2,000 a year at age 36.
Correct Answer:

Verified
Correct Answer:
Verified
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