Does your answer depend on when you need the money

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Reference no: EM13257956

Suppose the interest rate is 4.5%

A. Having $600 today is equivalent to having what amount in one year year?

B. Having $600 in one year is equivalent to having what amount today?

C. Which would you prefer, $600 today or $600 in one year? Does your answer depend on when you need the money? why or why not?

Reference no: EM13257956

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