Said differently with 1 you could buy the equivalent

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Unformatted text preview: you more goods than one dollar today - In 1912, you could buy with 4 cents what you can buy with $1 now. Said differently, with $1, you could buy the equivalent of $25 today. – Risk: Future money is oftentimes uncertain. - Depending on how you invest your money or who promises it to you, there is almost always counterparty risk. – Opportunity Cost: If you have a dollar today, you can invest it to earn a return on...
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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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