1a)

Suppose the risk-free interest rate is 4.6%.

a. Having $600 today is equivalent to having what amount in one year?

b. Having $600 in one year is equivalent to having what amount today?

c. Which would you prefer, $600 today or $600 in one year? Does your answer depend on when you need the money? Why or why not?

a. Having $600 today is equivalent to having what amount in one year?

Having $600 today is equivalent to having $ ----------- in one year. (Round to the nearest cent.)