You just got a job at Do We Cheatem Inc. This company is always interested in helping its employees financially. They offer employees an option whereby they increase the amount of federal income tax withheld from their paycheques so that the employee will get a larger refund in April when tax returns are due. Do you think this is a good plan based on what you learned about the time value of money? What do you think of this idea?

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Explaination Value of Money increases with time example If I invest my money in ... View the full answer