"What would be more valuable, receiving $400 today or receiving $535 in 8 years if interest rates are 3.5% and by how much would it be the more valuable alternative?"

		Receiving $535 / $6 higher Present Value
		Receiving S400 / $6 higher Present Value
		Receiving S400 / $406 higher Present Value
		Receiving S535 / $406 higher Present Value
		Both are worth the same amount
		Insufficient date provided to determine an answer to this question