At the appropriate interest rate people are indifferent between the present and future values of a sum of money.

Name: At the appropriate interest rate people are indifferent between the present and future values of a sum of money.
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Quizplus · Accepted Answer

This is the concept of time value of money. At the appropriate interest rate, the present value of a sum of money is equal to its future value. Hence, people are indifferent between the two.

At the Appropriate Interest Rate People Are Indifferent Between the Present