Question
Which is more valuable, receiving $1,000 today or receiving $1,200 in 3 years if interest rates are 7 percent? receiving $1,000 today receiving $1,200 in
Which is more valuable, receiving $1,000 today or receiving $1,200 in 3 years if interest rates are 7 percent?
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receiving $1,000 today
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receiving $1,200 in 3 years
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They are worth the same amount.
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need more information to make a determination
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
