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Business
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Number of pages / Number of words: |
3 / 722 |
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This is illogical since these ages occur in different time periods. To correctly see that John is one year older than Mary, it is necessary to add five years to his current age or subtract five from her future age. Whatever is method is chosen, looking at either both their future ages or both their present ages will lead to the correct answer...
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The opportunity cost is the rate of return that could have been earned on similar investments elsewhere.
This guide covers each of these topics in depth; however, to develop an intuitive understanding remember:
1. Receiving cash sooner is better than later.
1. Receiving more is better than less.
2...
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