If Money If Worth $650 Now and $675 in 3

question 196

Multiple Choice

If money if worth $650 now and $675 in 3 months, determine the rate of return that an investor would be indifferent between the two options.

• A) 15.38%
• B) 14.22%
• C) 13.85%
• D) 12.52%
• E) 10.60%

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Definitions:

Dissonance

A conflict or lack of harmony between beliefs, ideas, or values.

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