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interest tables illustrate that A dollar received today is worth more than a dollar to be received tomorrow The present value of an annuity of
interest tables illustrate that
- A dollar received today is worth more than a dollar to be received tomorrow
- The present value of an annuity of $100 at 15% is worth more than an annuity of $100 at 12%
- "discounting the future at a high rate" places emphasis on the present
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
