Multiple Choice
What would be more valuable, receiving $1,895 today or receiving $3,450 in six years if interest rates are 8%?
A) Receiving $1,895 today.
B) Receiving $3,450 in 6 years.
C) They are worth the same amount.
D) Need more information to make a determination.
Correct Answer:
Verified
Correct Answer:
Verified
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