Multiple Choice
Which of the following would you prefer?
A) $500 to be received in 10 years when rates are 8 percent
B) $300 today
C) $600 to be received in 12 years when rates are 8 percent
D) $700 to be received in 12 years when rates are 7 percent
Correct Answer:
Verified
Correct Answer:
Verified
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