Question: A dollar received today is worth less than a dollar received in the future discounted at 12% interest. worth more than a dollar received at

A dollar received today is

worth less than a dollar received in the future discounted at 12% interest.

worth more than a dollar received at any time in the future.

worth less than a dollar received in the future if the current interest rate is lower than the anticipated future interest rate.

none of these answer choices are correct.

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