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A promise of a $ 1 0 0 payment to be received one year from today is more valuable than receiving the payment today. less
A promise of a $ payment to be received one year from today is
more valuable than receiving the payment today.
less valuable than receiving the payment two years from now.
equally valuable as a payment received today if the interest rate is zero.
not enough information is provided to answer the question.
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
