Multiple Choice
The concept of time value of money is important to financial decision making because
A) it emphasizes earning a return of interest on the money you invested.
B) it recognizes that $1 today has more value than $1 received a year from now.
C) it can be applied to future cash flows in order to compare different streams of income.
D) all of these.
Correct Answer:
Verified
Correct Answer:
Verified
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