Your accountant has conviced you that you should invest your bonus from this year into your retirement account-instead of buying a new sport car- because of the high expected return on the investment. Determine which of these fundamental factors is affecting the cost of money in the senario described. a. inflation b. Time prefernces for consumption  c. Risk

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Chapter4: Managing Your Cash And Savings
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Your accountant has conviced you that you should invest your bonus from this year into your retirement account-instead of buying a new sport car- because of the high expected return on the investment.

Determine which of these fundamental factors is affecting the cost of money in the senario described.

a. inflation

b. Time prefernces for consumption 

c. Risk

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