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Which statement characterizes the time value of money concept? a. The future value of a present dollar is greater than one dollar. b. The present
Which statement characterizes the time value of money concept?
a. The future value of a present dollar is greater than one dollar.
b. The present value of a future dollar is greater is greater than one dollar.
c. the timing of cash flows is not relevant to decision making.
D. none of these answers is correct
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