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Which one of these statements related to the time value of money is correct? Assume a positive rate of interest. A. A dollar increases the
Which one of these statements related to the time value of money is correct? Assume a positive rate of interest.
A. A dollar increases the value the further into the future it is received.
B. The future value of a invested dollar is inversely related to the rate of interest.
C. The present value of a dollar to be received in one year is directly related to the interest rate.
D. A dollar received today is more valuable than received next month.
E. A dollar invested today will increase in a linear manner if interest earned is reinvested.
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