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1. When financial managers refer to the time value of money, they mean that 1 money earning interest increases in value over time. O inflation

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1. When financial managers refer to the "time value of money," they mean that 1 money earning interest increases in value over time. O inflation increases the value of money over time. O the value added is negative over a period of time. money invested today is worth less than money invested next year because of inflation

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