Suppose the risk-free interest rate is 3.6%. a. Having $ 100today is equivalent to having what amount
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Question:
Suppose the risk-free interest rate is 3.6%.
a. Having $ 100today is equivalent to having what amount in one year?
b. Having $100 in one year is equivalent to having what amount today?
c. Which would you prefer,$100today or $100in one year? Does your answer depend on when you need the money? Why or why not?
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