Tom and Antonio both want to open savings accounts today. Tom wants to have $1,000 in his savings account six years from now. Antonio wants to have $1,000 in his savings account three years from now. Tom will need to deposit twice the amount of money today as Antonio.
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Q8: Present values increase as the discount rate
Q9: Jamie deposits $1,000 into an account that
Q10: Tom and Antonio both want to open
Q11: Present values increase the further away in
Q12: The larger the present value factor, the
Q14: The higher the discount rate, the higher
Q15: Jamie deposits $1,000 into an account that
Q16: Jamie deposits $1,000 into an account that
Q17: The future value will increase the higher
Q18: Future value can be lower than present
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