In August 2012 you received a birthday gift of ($500) in cash from a generous uncle. Your

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In August 2012 you received a birthday gift of \($500\) in cash from a generous uncle.

Your uncle wanted you to have the money so that you could enjoy yourself as you were beginning your studies at university. Unfortunately, you lose the \($500\) in your very messy room in your residence hall. In June 2016 when you graduate, you find the

\($500\) when you clean out your room to move out. With respect to the \($500\), are you as well off on the day you found the \($500\) as you were on the day you received it? Explain -

your answer.

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