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Which of the following statements is true about the time value of money? A) The present value of a future amount will be greater if

Which of the following statements is true about the time value of money?

A) The present value of a future amount will be greater if funds earn 12% instead of 6%.

B) The present value of a future amount will be greater if funds earn 5% instead of 10%.

C) The present value of a future amount will be unaffected by how far in the future funds would be received.

D) The present value of a single sum will be unaffected by the rate of return at which funds grow.

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