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Suppose your brother or sister owed you $500.00. Thinking about the economist's concept of the time value of money. Would you rather have this money
Suppose your brother or sister owed you $500.00. Thinking about the economist's concept of the time value of money. Would you rather have this money repaid to you right away, in one payment, or spread out over a year in four installment payments? Would it make a difference either way? Discuss this with you classmates. Your answer must be substantial and thoughtful and be a minimum of 250 words.
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