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Why is a dollar today worth more than a dollar tomorrow

Question 1: Why is a dollar today worth more than a dollar tomorrow?

Question 2: What is an annuity and give some examples.

Question 3: What is the effect of compounding more frequently that once per year?

Question 4: What is the definition of effective annual rate?

Question 5: Comment on the Focus on Practice Question in the chapter titles: New Century Brings Trouble for Subprime Mortgages.

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Finance Basics: Why is a dollar today worth more than a dollar tomorrow

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Finance Basics: Why is a dollar today worth more than a dollar tomorrow

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