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Thas the option of receiving $1,800 today or $1,860 a year from now. Assuming Andre can invest the money and earn 4 percent this year, he would have $ a year from now. He should take the $ (1,800/1,860). (The answers should be in the form of amounts rather than words.)

Respuesta :

jepessoa

Answer:

$1,800

Explanation:

If you receive $1,800 today and can invest them and earn 4% interest rate, then in one year you will have $1,800 x 1.04 = $1,872

Since $1,872 is more money than $1,860, then Andre should receive the money today and invest it. That way he will have more money in the future.

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