Why is the present value of $100 that you expect to receive one year from today worth

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Why is the present value of $100 that you expect to receive one year from today worth less than $100 received today? What is the present value of $100 that you expect to receive one year from today, discounted at 12%?

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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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Question Posted: May 17, 2012 04:34 AM

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Why is the present value of $100 that you expect to receive one year from today worth

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Receiving 100 one year from today is worth less than 100 today because a return can be ...View the full answer

Managerial Accounting

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