Question: If the interest rate is 4%, would you prefer receiving 50,000 SAR today or 21,316 SAR next year? Calculate the present value of 21,316.

If the interest rate is 4%, would you prefer receiving 50,000 SAR

 

If the interest rate is 4%, would you prefer receiving 50,000 SAR today or 21,316 SAR next year? Calculate the present value of 21,316.

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