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Which of the following describes the time value of money? The time value of money has no effect on the timing of capital investments. Money

Which of the following describes the time value of money?

The time value of money has no effect on the timing of capital investments.

Money loses its purchasing power over time through inflation.

The fact that invested cash may not earn interest over time is called the time value of money.

A dollar received today is worth more than a dollar to be received in the future.

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