7. 8. The basic rule of the time value of money is: (b) (c) (d) With...

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7. 8. The basic rule of the time value of money is: (b) (c) (d) With amortized loans, such as a mortgage: (a) (b) (c) investments will always be worth more tomorrow than they are today it's always wiser to save a dollar for tomorrow than to spend it today a dollar in hand today is worth more than a dollar promised at some time in the all of the above express an aspect of the basic rule of time value of money (d) interest is always more than half of the payment amount return of principal is always more than half of the payment amount the proportion of interest to the total decreases later in the payment schedule the proportion of interest to the total increases later in the payment schedule. 7. 8. The basic rule of the time value of money is: (b) (c) (d) With amortized loans, such as a mortgage: (a) (b) (c) investments will always be worth more tomorrow than they are today it's always wiser to save a dollar for tomorrow than to spend it today a dollar in hand today is worth more than a dollar promised at some time in the all of the above express an aspect of the basic rule of time value of money (d) interest is always more than half of the payment amount return of principal is always more than half of the payment amount the proportion of interest to the total decreases later in the payment schedule the proportion of interest to the total increases later in the payment schedule.

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ANSWER 1 A Investment will always be worth more tomorrow than they are today A dollar promised in the future is actually worth less than a dollar toda... View the full answer