Imagine that you have won $100 in the state lottery. You have a choice between spending the money on shopping now or putting it away in a savings account for one year. You decide to spend the money now on shopping. Thus, you will lose the interest that you could have earned by saving the money. The lost interest is the cost of spending money now.
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Imagine that you have won $100 in the state lottery. You have a choice between spending the money on...
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