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  3. suppose the interest rate is 4.2%. a. having $250

Suppose the interest rate is 4.2%. a. Having $250 today is equivalent to having what...

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Suppose the interest rate is 4.2%. a. Having $250 today is equivalent to having what amount in one year? b. Having $250 in one year is equivalent to having what amount today? c. Which would you prefer, $250 today or $250 in one year? Does your answer depend on when you need the money? Why or why not? a. Having $250 today is equivalent to having what amount in one year? It is equivalent to $ (Round to the nearest cent.)

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