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Suppose the interest rate is 4.4%. a. Having $250 today is equivalent to having what amount in ono yoar? b. Having $250 in one year

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Suppose the interest rate is 4.4%. a. Having $250 today is equivalent to having what amount in ono yoar? b. Having $250 in one year is equivaient to having what amount today? c. Which would you prefer, $250 loday 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 Is 2 (Round to the nowest cont) b. Having $250 in one year is oquivalent to hoving what amount foday? It is equivalent to 5 (Round to the nearest cent.) c. Which would you prefer, $250 foday or 5250 in one year? Does your answer depend on when you noed the money? Why or why not? Is the above statoment true or false

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