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Having what amount? today

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Reference no: EM132119194

Suppose the interest rate is 3.9 %

a. Having $500 today is equivalent to having what amount in one? year?

b. Having $ 500 in one year is equivalent to having what amount? today?

c. Which would you? prefer, $500 in one? year? Does your answer depend on when you need the? money? Why or why? not?

Reference no: EM132119194

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