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Which statement characterizes time value of money concept

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Reference no: EM132663783

Problem 1: Which statement characterizes the time value of money concept?

Group of answer choices

A. The present value of a dollar received in the future is less than a dollar.

B. The present value of a future dollar is greater than one dollar.

C. The timing of cash flows is not relevant to decision making.

D. None of these answers is correct.

Reference no: EM132663783

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