Question: Suppose the interest rate is 4 . 0 % . a . Having $ 2 0 0 today is equivalent to having what amount in

Suppose the interest rate is 4.0%.
a. Having $200 today is equivalent to having what amount in one year?
b. Having $200 in one year is equivalent to having what amount today?
c. 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?
a. Having $200 today is equivalent to having what amount in one year?
It is equivalent to $.(Round to the nearest cent.)
Suppose the interest rate is 4.0%. a. Having $200 today is

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