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Time value of money: a)is inversely related to the opportunity cost of money. B. decreases as the interest rate increases because it costs more to
Time value of money:
a)is inversely related to the opportunity cost of money.
B. decreases as the interest rate increases because it costs more to borrow.
C. is a measure of the opportunity cost of spending a dollar.
D. increases as the interest rate decreases because lower interest rates lower the cost of borrowing money.
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