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Question 4: Andy, Alex, and Adam were asked to consider two different cash flows: $500 that they could receive today or $800 that they would
Question 4: Andy, Alex, and Adam were asked to consider two different cash flows: $500 that they could receive today or $800 that they would receive three years from today. Andy wanted the $500 today, Alex chose to collect $800 in three years, and Adam was indifferent. Can you offer an explanation for the choice made by each person
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