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Imagine someone offers you $100 today or $200 in 10 years. You would prefer to take the $100 today if the interest rate is.... A)

Imagine someone offers you $100 today or $200 in 10 years. You would prefer to take the $100 today if the interest rate is.... A) 2% B) 4% C) 6% D) 8% Can you also explain if I am supposed to plug these into some kind of formula? I need to know how to answer a question like this on the exam. Thank you

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