You are offered a choice between $770 today and $815 one year from today. Assume that interest rates are 4 percent. Which do you prefer?
A) $770 today
B) $815 one year from today
C) They are equivalent to each other.
D) $770 today at 3 percent interest rates

Question

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The Answer of You are offered a choice between $770 today and $815 one year from today. Assume that interest rates are 4 percent. Which do you prefer?
A) $770 today
B) $815 one year from today
C) They are equivalent to each other.
D) $770 today at 3 percent interest rates

You Are Offered a Choice Between $770 Today and $815