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Management Sciences
MEDIUM
ENGLISH
Management Sciences
You just won a prize, you can either receive Rs. 1000 today or Rs. 1,050 in one year. Which option do you prefer and why if you can earn 5 percent on your money?
A
Rs. 1,000 because it has the higher future value
Option A
B
Rs. 1,000 because you receive it sooner
Option B
C
Rs. 1,050 because it is more money
Option C
Either because both options are of equal value
Correct answer
Correct answer: D
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