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2 Cards in this Set
- Front
- Back
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A dollar in hand today is worth more than a dollar promised in the future
•You could have earned interest with the dollar today than waiting to receive it in the future |
time value of money
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–earlier money on a time line
–later money on a time line –“exchange rate” between earlier money and later money –Discount rate –Cost of capital –Opportunity cost of capital –Required return |
Present Value, •Future Value, •Interest rate
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