Which of the following is correct if the interest rate is 6 percent?

a. $215 to be received a year from today has a present value of over $200; $420 a year from now has a present value over $400.
b. $215 to be received a year from today has a present value of over $200; $420 a year from now has a present value under $400.
c. $215 to be received a year from today has a present value of under $200; $420 a year from now has a present value over $400.
d. $215 to be received a year from today has a present value of under $200; $420 a year from now has a present value under $400.


b

Economics

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