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QUESTION 14 What would be more valuable, receiving $400 today or receiving $535 in 8 years if interest rates are 3.5% and by how much

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QUESTION 14 "What would be more valuable, receiving $400 today or receiving $535 in 8 years if interest rates are 3.5% and by how much would it be the more valuable alternative? Receiving 5535/56 higher Present Value Receiving S400 / 56 higher Present Value Receiving S400 / S406 higher Present Value Receiving S535 / $406 higher Present Value Both are worth the same amount Insufficient date provided to determine an answer to this

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