If an investor had a choice of receiving $1,000 today, or $1,000 in five years, which would the average investor prefer?
a. $1,000 in five years because they are not good at saving money.
b. $1,000 today because it will be worth more than $1,000 received in five years.
c. $1,000 in five years because it will be worth more than $1,000 received today.
d. Investors would be indifferent to when they would receive the $1,000.
e. None of the above.
If an investo
