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The present discounted value equation, $ 3 8 6 = $ 1 , 0 0 0 ( 1 . 1 ) 1 0 , means

The present discounted value equation, $386=$1,000(1.1)10, means you:
a. are indifferent between receiving $386 today and $1,000 in 10 years.
b. Not enough information is given.
c. would prefer to receive $1,000 in 10 years rather than $386 today.
d. are indifferent between receiving $386 today and $1,000 in 100 years.
e. would prefer to receive $386 today rather than $1,000 in 10 years.
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