Multiple Choice
If you were able to earn 10% p.a.interest on money invested in a bank,how much money would you be willing to receive in 12 months' time,rather than $1000 now,so that you are indifferent between the two options?
A) $1500
B) $909
C) $900
D) $1100
Correct Answer:
Verified
Correct Answer:
Verified
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