Because the dollar can be invested today and earn interest
Net Present Value. This is the value of an investment in today's dollars. The theory behind this is that a dollar today is worth more than a dollar tomorrow because of the interest that can be earned.
At today's silver price ($35.27/oz) a 1921silver dollar is worth about $29.00. If it is in uncirculated condition, it could be worth up to $10,000.00, or more.
Unfortunately it is worth $1.00. Go on eBay and see if anyone is trying to sell a dollar for more....
One dollar from the year of 1862 would be worth approximately the same as it is worth today which is $1.00. Even though the years have changed, the currency stays the same. The only difference is you could buy much more with a buck back in 1862 than you can now a day.
Due to inflation rates, money from a century ago was worth much more for the same dollar amount today. $200 in 1915 would be the equivalent of $4,614 today.
If a dollar is worth 3 Swiss francs today and 10 Swiss francs tomorrow, than the dollar is appreciating (that is, increasing in value - it is worth more Swiss francs than before) and the Swiss franc is depreciating (that is, reducing in value - it used to be worth 1/3 of a dollar, and now it is only worth 1/10 of a dollar).
10 percent.
Net Present Value. This is the value of an investment in today's dollars. The theory behind this is that a dollar today is worth more than a dollar tomorrow because of the interest that can be earned.
The concept that a dollar today is worth more than a dollar tomorrow is rooted in the principle of time value of money. While the origin of the specific phrase is not definitively attributed to one individual, it is a fundamental concept in finance and economics often associated with the work of economists and scholars like Irving Fisher and John Maynard Keynes.
there are two reasons. 1. A dollar today can earn interest so you will have more than a dollar in the future. 2. Inflation will reduce the purchasing power a dollar over time, so it's better to get the dollar today and spend it today because it won't buy as much stuff tomorrow.
Of course it does. Inflation is the devaluing of money over time. It is always displayed as a percentage. For instance, inflation (usually measured as the Consumer Price Index) one year might be 3%. That means that a dollar in the current year would be worth $1.03 the year before. The saying is kind of misleading though. Inflation usually happens so slowly that a single dollar will not be actually worth less after a single day. Take the rate of inflation for the US since 1968, 519%. Divide that by the number of years since 1968 (40), it comes to 12.975%. Divide that by 365... it comes to .03%. So a dollar tomorrow is only worth .03% more than a dollar today if you apply the 40-year historical average (it is actually different because inflation right now is not 12.975%). While inflation makes one dollar today worth more than a dollar tomorrow, it (inflation) is not the only reason for that. Even if inflation is 0%, a dollar today is still worth more than a dollar tomorrow, for a couple of reasons like 1. if you can buy something today, you can enjoy it (one day) more than if you had bought it the next day 2. by investing a dollar today, you can earn interest, increasing the value of the dollar (in the US, the Fed does manage money supply and interest rates, so there will be some correlation between changes in inflation and changes in interest rates) 3. Perhaps, we will not be able to enjoy the worth of the dollar tomorrow.
$1.00, unless you're talking about a dollar coin that may be worth more to collectors
$1.00, unless you're talking about a dollar coin that may be worth more to collectors
If I understand your question correctly, when dealing with inflation, a dollar earned today is worth more than a dollar earned at any time in the future. This has to do with the concept of the present value of money. Because inflation devalues the dollar over time, a dollar earned today is worth more than say, a dollar earned five years from now.
tomorrow is nothing
At today's silver price ($35.27/oz) a 1921silver dollar is worth about $29.00. If it is in uncirculated condition, it could be worth up to $10,000.00, or more.
If today is tomorrow, then yesterday's tomorrow is today.Another answer: Yesterday's tomorrow is today. This is a fact. This is reality.But if what we think is today is really tommorow, then we are a day behind! So rather than yesterday's tomorrow being today, 'yesterday's tomorrow' must be one more day than today, i.e. it must be tomorrow!