8..

Please answer all the A, B, and C parts of the question.

Suppose the interest rate is 3.9%. a. Having $450 today is equivalent to having what amount in one year? b. Having $450 in one year is equivalent to having what amount today? c. Which would you prefer, $450 today or $450 in one year? Does your answer depend on when you need the money? Why or why not? a. Having $450 today is equivalent to having what amount in one year? It is equivalent to $ (Round to the nearest cent.)