Which of the following statements is correct? The principal is the amount of the investment. The time value of money implies that a dollar received today is worth less than a dollar to be received in the future because funds received today cannot be invested to earn a return. Present value measures what one or more cash flows are worth at the end of a specified period. The compound annual growth rate (CAGR) is the total annual growth rate divided by the number of years. All the answers are correct