Multiple Choice
The principle behind time value of money is based on the fact that:
A) a sum of money in hand today is worth more than the same sum in the future.
B) a sum of money in hand today is worth less than the same sum in the future.
C) a sum of money in the future is worth less than the same sum in hand today.
D) a and c
Correct Answer:
Verified
Correct Answer:
Verified
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