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The time value of money concept: Means that a dollar today is worth less than a dollar tomorrow. Means that a dollar tomorrow is worth

The time value of money concept: Means that a dollar today is worth less than a dollar tomorrow. Means that a dollar tomorrow is worth more than a dollar today. Means that a dollar tomorrow is worth less than a dollar today. Means that "Time is money." Does not involve the concept of compound interest.

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