Answered: If you have no need for immediate cash…

If you have no need for immediate cash and you are promised a future sum from a very reliable source, why is it still preferable to “take the cash now”?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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If you have no need for immediate cash and you are promised a future sum from a very reliable source, why is it still preferable to “take the cash now”?

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