--- Wei Dai <[EMAIL PROTECTED]> wrote:
> By holding on to my money, I'm actually increasing
> the present value of the gift from the perspective of the recipient.
> Can anyone find a flaw in this argument?

If the discount rate used for present value equals the interest rate of the
investment, then the amount of funds today equals the present value.

Some charities have an urgent need at the present, such as earthquake aid
or feeeding people in a famine.  If one gives later, it would be too late.

Fred Foldvary 


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