If the Interest Rate Is 4 Percent, Then You Would

question 181

Multiple Choice

If the interest rate is 4 percent, then you would be equally happy if you received a gift of either $100 today or a gift of

• A)$110.00 two years from today.
• B)$112.49 three years from today.
• C)$116.00 four years from today.
• D)$123.67 five years from today.