Investors prefer $1000 today to $1000 a year from now because

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    the $1000 can be invested to earn interest or dividends and so should be worth more than $1000 after one year.
    if inflation is present the purchasing power of the $1000 is reduced by the end of the year.
    future cash flows are far from certain.
    All of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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All of the above.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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