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Some financial advisors recommend you increase the amount of federal income taxes withheld from your pay cheque each month so that you will get a
Some financial advisors recommend you increase the amount of federal income taxes withheld from your pay cheque each month so that you will get a larger refund come April. That is, you take home less today but get a bigger lump sum when you get your refund. Based on your knowledge of the time value of money, what do you think of this idea? Explain.
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