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If the rate of discount is 20 percent, a. Would you rather receive $100 today or $120 in one year? b. Would you rather receive

If the rate of discount is 20 percent, a. Would you rather receive $100 today or $120 in one year? b. Would you rather receive $205 today or $240 in one year? c. Would you rather receive $500 in one year or $610 in two years?

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