Question: i . Would you rather receive 1 0 0 today or 1 0 0 in exactly one year? Explain your choice. ii . What is

i. Would you rather receive 100 today or 100 in exactly one year? Explain your choice. ii. What is a lump-sum payment? iti. What is an annuity? What is an ordinary annuity (also called annuity in arrears)? What is an annuity due (also called annuity in advance)? iv. How does compound interest differ from simple interest?

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