You are offered a choice between $550 today and $575 one year from today. Assume...

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Accounting

You are offered a choice between $550 today and $575 one year from today. Assume that interest rates are 5 percent. Which do you prefer?
Multiple Choice
They are equivalent to each other.
$575 one year from today
$550 today
$550 today at 4 percent interest rates
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