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Which of the following statements about the future value of a dollar is true? a. A dollar paid (or received) in the future is worth
Which of the following statements about the future value of a dollar is true?
a. | A dollar paid (or received) in the future is worth more than a dollar paid (or received) today. | |
b. | A dollar paid (or received) in the future is worth as much as a dollar paid (or received) today. | |
c. | A dollar paid (or received) in the future is worth less than a dollar paid (or received) today. | |
d. | A dollar paid (or received) in the future is not comparable to a dollar paid (or received) today. |
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