The equation means you:
A) would prefer to receive $386 today rather than $1,000 in 10 years
B) are indifferent between receiving $386 today and $1,000 in 10 years
C) would prefer to receive $1,000 in 10 years rather than $386 today
D) are indifferent between receiving $386 today and $1,000 in 100 years
E) Not enough information is given.
Correct Answer:
Verified
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