When giving consideration to long-range investment decisions, which of the following best describes the time value of money 

 an assigning greater value to more immediate cash flows 

b.investing only in short-term projects 

c. weighting cash flows with subjective probabilities 

d. assuming equal annual cash flow patterns value of an amount to be received, 

 Discounting calculates the  --------------- value of an amount to be received 

a historical 

 b.discounted

 c. future 

 d. present