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Suppose the interest rate is 4.4%. a. Having $300 today is equivalent to having what amount in one year? b. Having $300 in one year

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Suppose the interest rate is 4.4%. a. Having $300 today is equivalent to having what amount in one year? b. Having $300 in one year is equivalent to having what amount today? c. Which would you prefer, $300 today or $300 in one year? Does your answer depend on when you need the money? Why or why not

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