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Because of interest that can be earned, if I can invest a dollar today, it should be worth _________ in the future. a. Less b. The same as c. More d. Either less or the same as e. Either the same as or
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Because of interest that can be earned, if I can invest a dollar today, it should be worth _________ in the future. a. Less b. The same as c. More d. Either less or the same as e. Either the same as or more

User Fjoachim
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Answer: More

Explanation:

This can be explained using the time value of money which is the increases in an amount of money as a result of interest earned. It demonstrates that time literally is money—that is, the value of the money one possesses now is not the same and will not be the same as it will be in the future and vice versa. So, because of interest rates and the great value of compounding, dollar invested now will be worth more in the future.

User Tyress
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