John owes Sue $1000 for grass seed but he wants to pay her in 6 months. She said, "that's fine, but the bill will be $1060 in six months." John hit the roof but he agreed when Sue explained the _________ to him.
Answer: time value of money
Quiz File
Business Management
John owes Sue $1000 for grass seed but he wants to pay her in 6 months. She said, "that's fine, but the bill will be $1060 in six months." John hit the roof but he agreed when Sue explained the _________ to him.
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