Business, 08.04.2020 04:37 1230bering

Suppose the interest rate is 3.8 %. a. Having $ 500 today is equivalent to having what amount in one year? b. Having $ 500 in one year is equivalent to having what amount today? c. Which would you prefer, $ 500 today or $ 500 in one year? Does your answer depend on when you need the money? Why or why not?

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Suppose the interest rate is 3.8 %. a. Having $ 500 today is equivalent to having what amount in one...

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