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Which of the following statements is incorrect? A) Before cash flows can be compared or added, they must be converted to an equivalent value at

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Which of the following statements is incorrect? A) Before cash flows can be compared or added, they must be converted to an equivalent value at a specific period of time. B) Money's value is based only on the size of cash flows and the interest rate. C) When cash flows are equivalent at a specified point in time, they are equivalent at all points in time at that interest rate. D) Compound interest is where interest is paid on the interest from previous periods

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