Suppose the risk-free interest rate is 4.1%.

a. Having $200 today is equivalent to having what amount in one year?

b. Having $200 in one year is equivalent to having what amount today?

c. Which would you prefer, $200 today or $200 in one year? Does your answer depend on when you need the money? Why or why not

Part 1

a. Having $200 today is equivalent to having what amount in one year? Having $200 today is equivalent to having in one year.(Round to the nearest cent.)