Question: Need Help with the below problem. Suppose the risk-free interest rate is 3.5%. a. Having $300 today is equivalent to having what amount in one

Need Help with the below problem.

Suppose the risk-free interest rate is 3.5%.

a. Having $300 today is equivalent to having what amount in one year?

b. Having $300 in one year is equivalent to having what amount today?

c. Which would you prefer, $300 today or $300 in one year? Does your answer depend on when you need the money? Why or why not?

a. Having $300 today is equivalent to having what amount in one year?

Having $300 today is equivalent to having $ in one year.(Round to the nearest cent.)

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