Which is worth more: (a) $500 today, (b) $1,000 in 9 years if the interest rate is
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Which is worth more:
(a) $500 today,
(b) $1,000 in 9 years if the interest rate is 8 percent?
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Due to the time value of money 500 today is worth more than 1000 in 9 years if the i...View the full answer
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