You expected your Grandmother to give you a gift of $$50,0003$ years from today. She, however, has determined that you are not $$mature enough$$ to receive the funds and has decided to wait until $5$ years from today to give you the $$50,000.$ Assuming an opportunity cost of $6\%($i$,.$e$.,$ k $=6\%),$ the value of the $$50,000$ received five years from today is worth what in today$$s dollars? and what relative to receiving it in $3$ years instead? less than $$50,000,$ less than if you had received it in $3$ years.

there is no way to determine if the present value is greater than, equal to or less than the $$50,000$ in $3$ years whether you receive it in $3$ years or $5$ years.

$.$ equal to $$50,000$; equal to $$50,000$

more than $$50,000$; more than if you had received it in $3$ yearss$/$