What amount to accept for opportunity cost of money


A lender is promiseda $100 payment (including interest) one year from today. If the lender has an 8% opportunity cost of money, he should be willing toaccept what amount today?

A. $100.00
B. $108.20
C. $92.59
D. $96.40

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Finance Basics: What amount to accept for opportunity cost of money
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