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help me please Rick will receive $5,000 eight years from now, and Morty will receive $5,000 six years from now. If they both apply the
help me please
Rick will receive $5,000 eight years from now, and Morty will receive $5,000 six years from now. If they both apply the same positive discount rate to these amounts, which one of the following statements is correct? The value of Rick's money will be more than the value of Morty's money eight years from now. In today's dollars, Rick's money is worth more than Morty's. The present value of Morty's and Rick's money are equal. In eight years, the value of Morty's money will be equal to the value of Rick's money. Rick's money is worth less than Morty's money today Step by Step Solution
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