Question: Excel Solution Suppose the interest rate is 4 % . Having $ 2 0 0 today is equivalent to having what amount in one year?

Excel Solution Suppose the interest rate is 4%.
Having $200 today is equivalent to having what amount in one year?
Having $200 in one year is equivalent to having what amount today?
Which would you prefer, $200 today or $200 in one year? Does your answer depend on when you need the money? Why or why not

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