c$.$ Which would you$$ prefer,

$$$$200200$

today or

$$$$200200$

in one$$ year? Does your answer depend on when you need the$$ money? Why or why$$ not?

$"$Because money today is worth more than money in the$$ future,

$$$$200200$

today is preferred to

$$$$200200$

in one year. This answer is correct even if you$$ don't need the money$$ today, because by investing the

$$$$200200$

you receive today at the current interest$$ rate, you will have more than

$$$$200200$

in one$$ year."

Is the above statement true or$$ false?

$$

$$

True

False

$.$

$($Select from the$$ drop$-$down menu.$)$

It is equivalent to $$($Round to the nearest cent.$)$It is equivalent to $$($Round to the nearest cent.$)$Is the above statement true or false?$($Select from the drop$-$down menu.$)$