tajmahal9060
tajmahal9060 tajmahal9060
  • 25-11-2021
  • Business
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"take hundred now is more valuable than take hundred after one year" explain it​

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eredington
eredington eredington
  • 25-11-2021

Answer:

Today's dollar is worth more than tomorrow's because of inflation (on the side that's unfortunate for you) and compound interest (the side you can make work for you). Inflation increases prices over time, which means that each dollar you own today will buy more in the present time than it will in the future.

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