You just won a prize! You can either receive $9,500 today or $10,000 in one year Which option do you prefer and why if you can earn 7 percent on your money? prefer because both options are of equal value to me $9,500 $10,000 it has the higher future value either it is more money I receive sooner it has the lower present value The value of an investment of $5,000 earring 3 25% compounded yearly is given by A=5000 (1 +0.0325) wheretis the number of years it has been invested the amount of your investment is now $12.000 how long has it been twested? years (XXX years) ABC Pharmaceutical Ino budgets $270 million for R&D in 2021 There are 3 projects P, Q, R and the R&D budget will be shared by the proportions of 76.3 respectively What amount of budget does the project Precese? million (Soxx million)