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If the Annual Interest Rate Is Currently 3

Question 95

Multiple Choice

If the annual interest rate is currently 3.5%,Joan is ________ a $1000 payment in exactly two years.


A) better off accepting $930 right now than
B) better off accepting $950 right now than
C) worse off accepting $940 right now than
D) indifferent between accepting $932.51 right now and
E) indifferent between accepting $935.94 right now and

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