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Finance Mcqs
Q
You just won a prize, you can either receive Rs. 1000 today or Rs. 1,050 in one year. Which option do you prefer and why if you can earn 5 percent on your money?
AA. Rs. 1,000 because it has the higher future value
BB. Rs. 1,000 because you receive it sooner
CC. Rs. 1,050 because it is more money
DD. Either because both options are of equal value
Correct Answer:
D. D. Either because both options are of equal value