Question 20 (2.5 points) Which would be better at 3% compound annual interest, $800 today or $830 a year from now? OA) $800 today B) The two options cannot be compared C) The two options are equivalent cash flows D) $830 a year from now Question 15 (2.5 points) If you were offered $1000 today or $1100 in two years, which would you take at 4% compound annual interest? O A) $1100 in two years B) The two options are equivalent cash flows OC) $1000 today OD) The two options cannot be compared Question 12 (2.5 points) What is equivalence? A) It is a function of size of the cash flows B) It is a function of timing of the cash flows O C) It is a function of interest rate D) All the above