Question: You are given the option between receiving $500 in three years at a discount rate of 10% or $400 in two years at a discount

You are given the option between receiving $500 in three years at a discount rate of 10% or $400 in two years at a discount rate of 8%. Which option should you choose?

		The $400 because you receive it sooner
		The $500 because it is worth more to you in today's dollars
		Both options are equally acceptable
		Neither option

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