Assignment Help - homework help

Which would you prefer 500 in one year does your answer


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?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Which would you prefer 500 in one year does your answer
Reference No:- TGS02914489

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)