# Describe the concept of the time value of money. How does the discount rate affect the value of $1 today versus one year from today?

Chapter 5, Review Questions #10

Describe the concept of the time value of money. How does the discount rate affect the value of $1 today versus one year from today?

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## Modern Systems Analysis And Design

8th Edition

**Authors:** Joseph Valacich, Joey George

**ISBN:** 9780134204925