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Why or why not what does this exercise tell you about the

1. You are to choose between receiving $909.00 today or $1,000.00 in 12 months time. Assuming an interest rate of 10% and rounding off to a whole dollar, should you be indifferent between the two options? Why or why not? What does this exercise tell you about the relationship between $1 today and $1 tomorrow?

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