Which scenario has a higher present discounted value (assume interest is compounded annually); $100 received in 3 years if the interest rate is 8% or $90 received in 2 years if the interest rate is 7.25%?
A) $100 owed in 3 years
B) $90 owed in 2 years
C) Both scenarios have the same present discounted value.
D) It cannot be determined with information provided.

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The Answer of Which scenario has a higher present discounted value (assume interest is compounded annually); $100 received in 3 years if the interest rate is 8% or $90 received in 2 years if the interest rate is 7.25%?
A) $100 owed in 3 years
B) $90 owed in 2 years
C) Both scenarios have the same present discounted value.
D) It cannot be determined with information provided.

Which Scenario Has a Higher Present Discounted Value (Assume Interest