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Wednesday, 7 August 2013

The time value of money means that 1. a dollar today is worth more than a dollar tommorow 2. a dollar tommorow is worth more than a dollar today 3. pay your bill later

The time value of money means that
 
         
1.
a dollar today is worth more than a dollar tommorow
 

2.
a dollar tommorow is worth more than a dollar today
 

3.
pay your bill later
 

Answer
a dollar today is worth more than a dollar tommorow

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