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Why farah is one who delays payment even though colton stand

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Problem

Colton has a choice between $100 today and $150 in three months. Farah has a choice between $100 today and $125 in three months. Colton chooses $100 today. Farah chooses $125 in three months. Explain why Farah is the one who delays payment even though Colton stands to earn more by waiting.

Reference no: EM131919390

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