Who is richer because of the inheritance?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Imagine that the interest rate on your savings account is positive and there is no inflation rate. Assume you inherit ₱10,000 today and you deposit it into a savings account and your friend inherits ₱10,000 3 years from now. Who is richer because of the inheritance?

*
A. I am
B. My friend
C. They are equally rich

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