Suppose the rest rate is 40% Having 200 today is equivalent to having what amount in one year Having $200 in one year as equivalent rawa wt amount today 6. Which would you prefer 5200 today or $200 none year? Does your answer depend on when you need money? Why why not? Having $700 aday is to having what amount one year? 8 lunt to Round is the newest cant) B. Having $200 in one year as equivalent to having what amount today? It is equivalent to Round to the nearest cent) c. Which would you prefer, 5200 today or $200 in one year? Does your answer depend on when you need the money Wyrwyl "Because money today is worth more than money in our $200 today is preferred to $200 in one you. This correct even you cred the money today, becane by sing 5200 you received the current met rate, you will have more than $200 in one year Is the above statement true or false