or you can spend it you dont know how much your

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Unformatted text preview: that dollar and end up with more money in the future. - The promised return on your investment has to compensate you for expected inflation and the risk of the investment (see above). - Or you can spend it. You don’t know how much your dollar will be worth one year from now. ‘Interest’ and ‘Interest Rates’ - Interest I is the price someone who borrows money (borrower, debtor) pays the lender (creditor) for the use of the borrowed money. – Also, money earned on deposited funds (e.g. a savings accoun...
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This document was uploaded on 03/17/2014 for the course COMM 298 at University of British Columbia.

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