Business, 09.07.2021 18:00, dtilton2003

Laura says that the present value of $700 to be received one year from today if the interest rate is 6 percent is less than the present value of $700 to be received two years from today if the interest rate is 3 percent. Cassie says that $700 saved for one year at 6 percent interest has a smaller future value than $700 saved for two years at 3 percent interest. A) Both Laura and Cassie are correct.
B) Both Laura and Cassie are incorrect.
C) Only Laura is correct.
D) Only Cassie is correct.

Answers: 2

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Laura says that the present value of $700 to be received one year from today if the interest rate is...