Question: What would be more valuable, receiving $400 today or receiving $535 in 8 years if interest rates are 3.5% and by how much would it

"What would be more valuable, receiving $400 today or receiving $535 in 8 years if interest rates are 3.5% and by how much would it be the more valuable alternative?"

Receiving $535 / $6 higher Present Value

Receiving S400 / $6 higher Present Value

Receiving S400 / $406 higher Present Value

Receiving S535 / $406 higher Present Value

Both are worth the same amount

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