In August 2014, you received a birthday gift of $500 in cash from a generous uncle. Your uncle wanted you to have the money so that you could enjoy yourself as you were beginning your studies at university. Unfortunately, you lose the $500 in your very messy room in your residence hall. In June 2018, you find the $500 when you clean out your room to move out after graduating. Are you as well off on the day you found the $500 as you were on the day you received it? Explain your answer.

  • CreatedFebruary 26, 2015
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