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    Principles of Economics Study Set 8
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    Exam 27: Tools of Finance
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    Suppose Your Uncle Offers You $200 Today or $355 in 8
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Suppose Your Uncle Offers You $200 Today or $355 in 8

Question 131

Question 131

Multiple Choice

Suppose your uncle offers you $200 today or $355 in 8 years. You would prefer to take the $200 today if the interest rate is


A) 7 percent.
B) 6 percent.
C) 8 percent.
D) 5 percent.

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