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With respect to cash flows, Time Value of Money states you ___(1)_____ and in Finance, cash is _(2)___ because it is _(3)______. (1) can discount

With respect to cash flows, Time Value of Money states you ___(1)_____ and in Finance, cash is _(2)___ because it is _(3)______.

(1) can discount all of the cash flows after adding them together; (2) bad, (3) usually wasted

(1) you can sum the cash flows and then compute the Future Value; (2) non-existance, (3) seldom acquired through sales

(1) cannot add, subtract, or compare numbers at different points in time; (2) King, (3) the only thing you can spend or invest

(1) can only sum numbers that are at least one year out; (2) not worth a lot; (3) it is too difficult to maintain

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