Answer:
If John invests the $1,000 he receives today at an interest rate of 4.8% compounded monthly. in one year the investment will be worth $ 1,049
When John receives $1,000 a year from now, the $1,000 he invested today will be worth $49 more than the $1,000 he receives in the future.
Step-by-step explanation:
Just answered the question.