Question: How to solve for this problem 6. Imagine that someone offers you $X today or $2,000 in 6 years. If the interest rate is 5

How to solve for this problem

6. Imagine that someone offers you $X today or $2,000 in 6 years. If the interest rate is 5 percent, then you would prefer to take the $X today if and only if a. X > 1,492.43. = 10, 5 b. X > 1,421.36. X (1+ 0. 05, c. X > 1,567.05. b d. X> 1,814.57. 200 0 ( 1 + 0, 05 ) = 2680 e. None of the above is correct

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