Which of the following statements is FALSE about time value of money $($TVM$)?$

a$)$ A dollar today is worth more than a dollar tomorrow due to the potential for future earnings.

b$)$ TVM calculations use discount rates to determine the present value of future cash flows.

c$)$ Future value calculations determine the worth of a current investment at a future date.

d$)$ TVM concepts are only relevant for long$-$term financial planning.

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