Vince says that the present value of $500 to be received one year from today if the interest rate is 8 percent is more than the present value of $500 to be received two years from today if the interest rate is 4 percent. Terri says that $500 saved for two years at an interest rate of 3 percent has a larger future value than $500 saved for one years at an interest rate of 6 percent.
A. Only Terri is correct.
B. Both Vince and Terri are correct.
C. Only Vince is correct.
D. Neither Vince nor Terri is correct.
Answers: 3
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Business, 22.06.2019 20:00
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Vince says that the present value of $500 to be received one year from today if the interest rate is...
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