You are better off choosing $400 in 4 years rather than $300 today if the interest rate is
A)lower than about 5.5 percent.
B)higher than about 5.5 percent.
C)lower than about 7.5 percent.
D)higher than about 7.5 percent.

Question

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The Answer of You are better off choosing $400 in 4 years rather than $300 today if the interest rate is
A)lower than about 5.5 percent.
B)higher than about 5.5 percent.
C)lower than about 7.5 percent.
D)higher than about 7.5 percent.

You Are Better Off Choosing $400 in 4 Years Rather