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Suppose the risk-free interest rate is 4.7%. a. Having $600 today is equivalent to having what amount in one year? b. Having $600 in one
Suppose the risk-free interest rate is 4.7%. a. Having $600 today is equivalent to having what amount in one year? b. Having $600 in one year is equivalent to having what amount today? c. Which would you prefer, $600 today or $600 in one year? Does your answer depend on when you need the money? Why or why not? a. Having $600 today is equivalent to having what amount in one year? Having $600 today is equivalent to having $ in one year. (Round to the nearest cent.)
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