You are offered the choice between receiving $10,000 today or wait for 3 years to receive $12,500. Your required rate of return is 4.5%. What should you do?

Question 16 options:

1)	You should choose $10,000 today because it has a greater value

2)	You should wait to receive $12,500 in 3 years because it has a greater value

3)	You should be indifferent because the two amounts have the same value

4)	None of the above is correct