Assume that the interest rate is 10 explain whether you


Assume that the interest rate is 10%. Explain whether you would prefer to receive (a) $ 75 one year from now, (b) $ 85 two years from now, or (c) $ 90 three years from now? Would your answer change if the interest rate is 20%? Show how you arrive at your answers.

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Business Economics: Assume that the interest rate is 10 explain whether you
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