Explain the concept of time value of money
What will be an ideal response?
A dollar received today is worth exactly $1. A dollar received a year ago is worth more than $1 today. It is worth the original dollar plus the interest that has been earned for the year gone by. A dollar received one year in the future is worth less than a dollar today. The $1 future receipt includes interest to compensate you for waiting. When you remove the interest, called discounting the future payment to calculate its value to you today (its present value), you have less than $1 today.
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________ is a time-series method used to estimate the average of a demand time series by averaging the demand for the n most recent time periods
Fill in the blanks with correct word
The EEOC is responsible for dealing with problems that involve ________
A) education B) discrimination C) sexual harassment D) job performance