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Aaron, Paul, and Kylie each receive $50 for helping their neighbor with some chores. Aaron decides to save his money in his dresser, Paul puts his money in his savings account, and Kylie uses her money to pay back her mom. According to the time value of money, which person will see the money increase?

1 Answer

6 votes

Paul, savings accounts have interest, so as time passes the value goes up.

User Sansuiso
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