What is the time value of money concept based on?A) A dollar today is worth more than a dollar tomorrowB) A dollar tomorrow is worth more than a dollar todayC) Money has no value over timeD) A dollar today is worth the same as a dollar tomorrow

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 4MC: You are explaining time value of money factors to your friend. Which factor would you explain as...
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What is the time value of money concept based on?
A) A dollar today is worth more than a dollar tomorrow
B) A dollar tomorrow is worth more than a dollar today
C) Money has no value over time
D) A dollar today is worth the same as a dollar tomorrow 

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