Why farah is the one who delays payment, Microeconomics

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Why farah is the one who delays payment

Problem

Colton has a choice between $100 today and $150 in three months. Farah has a choice between $100 today and $125 in three months. Colton chooses $100 today. Farah chooses $125 in three months. Explain why Farah is the one who delays payment even though Colton stands to earn more by waiting.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why farah is the one who delays payment

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