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The time value of money concept recognizes that an amount of cash invested today: a.has the potential to earn income but cannot increase in value

The time value of money concept recognizes that an amount of cash invested today:

a.has the potential to earn income but cannot increase in value over time.

b.does not have the potential to earn income but can increase in value over time.

c.neither has the potential to earn income nor can increase in value over time.

d.has the potential to earn income and also increase in value over time.

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