Question: A dollar received today is worth less than a dollar received in the future discounted at ( 1 2 % ) interest.

A dollar received today is worth
less than a dollar received in the future discounted at \(12\%\) interest.
a dollar times the future value interest rate.
more than a dollar received at any time in the future.
less than a dollar received in the future if the current interest rate is lower than the anticipated future interest rate.
Attempts: 0 of 2 used
A dollar received today is worth less than a

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