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If the interest rate is equal to 0 percent then a dollar today is worth a
If the interest rate is equal to 0 percent then a dollar today is worth
a. more than a dollar tomorrow
b. less than a dollar tomorrow
c. there is not sufficient information to tell
d. the same as a dollar tomorrow
Expert Solution
If interest rate is equal to 0 percent then the dollar worth today is equal to dollar worth tomorrow.
Hence the answer is option d)
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