Suppose the interest rate is $4\mathrm{.}3\%.$

a$.$ Having $$250$ today is equivalent to having what amount in one year?

b$.$ Having $$250$ in one year is equivalent to having what amount today?

c$.$ Which would you prefer, $$250$ today or $$250$ in one year? Does your answer depend on

when you need the money? Why or why not?

a$.$ Having $$250$ today is equivalent to having what amount in one year?

It is equivalent to $$.($Round to the nearest cent.$)$

b$.$ Having $$250$ in one year is equivalent to having what amount today?

It is equivalent to $$,.($Round to the nearest cent.$)$

c$.$ Which would you prefer, $$250$ today or $$250$ in one year? Does your answer depend on

when you need the money? Why or why not?

"Because money today is worth more than money in the future, $$250$ today is preferred to

$$250$ in one year. This answer is correct even if you don't need the money today, because

by investing the $$250$ you receive today at the current interest rate, you will have more than

$$250$ in one year."

Is the above statement true or false?