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A dollar today is worthmore than a dollar to be received in the future because
A dollar today is worth
more than a dollar to be received in the future because
inflation will reducepurchasing power of a future dollar.
inflation will reduce
purchasing power of a future dollar.
risk of nonpayment in thefuture.
risk of nonpayment in the
future.
None of these.
the dollar can be investedtoday and earn interest.
the dollar can be invested
today and earn interest.
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