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Democrats_win

(6,539 posts)
Mon Jan 14, 2019, 03:12 PM Jan 2019

The "time value of money" and the Trump shut down.

People who aren't receiving paychecks due to the Trump shut down might be forced to pay less on their credit cards because they don't have the cash. Then more interest accrues on the money they would have paid off! But if you don't pay your water bill or your electric bill on time you'll get a penalty--an extra few dollars more in addition to the bill. It's all because of the time-value of money. But workers are forced to eat this loss!

I've worked for companies that had trouble paying their employees and it makes paying bills hard. Will they pay you extra for this? Because it sure costs extra? No way!

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