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

Question

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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Question

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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