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You Are Better Off Choosing $400 in 4 Years Rather

Question 124

Multiple Choice

You are better off choosing $400 in 4 years rather than $300 today if the interest rate is

A) lower than about 5.5 percent.
B) higher than about 5.5 percent.
C) lower than about 7.5 percent.
D) higher than about 7.5 percent.

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