Multiple Choice
Which of the following statements regarding the time value of money is not true?
A) The amount to invest now to receive more in the future is the future value.
B) Present value is always less than the future value.
C) The exact present value depends on the interest rate, the length of time and the principal amount.
D) Money earns interest over time.
Correct Answer:
Verified
Correct Answer:
Verified
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