Question: A dollar received today is worth less than a dollar received in the future if the current interest rate is lower than the ancicipated future
A dollar received today is worth
less than a dollar received in the future if the current interest rate is lower than the ancicipated future interest rate.
a dollar times the future value interest rate.
less than a dollar received in the future discourted at interest.
more than a dollar received at any time in the fluture.
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