16: If the interest rate is less than 0%, then a dollar
today is worth?
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Answer:
A dollar worth today is more than a dollar, year later.
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Answer:
written below-
Explanation:
the time value of money is a concept that states a dollar today is always worth more than a dollar tomorrow . this is due to inflation , opportunity, costs of investing , as well as risks.
there might be expection to this rule , such as when there is deflation and when should hold cash instead of investing
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