Multiple Choice
The concept of time value of money is not important to financial decision making because:
A) it emphasizes earning a return on invested capital.
B) it recognizes that earning a return makes $1 worth more today than $1 received in the future.
C) it can be applied to future cash flows in order to compare different streams of income.
D) it emphasizes the historic interest paid.
Correct Answer:
Verified
Correct Answer:
Verified
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