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The “time value of money” means that
A. money paid out today has less value than if the money is paid out in the future.
B. money received today is worth more than the same amount of money received in the
future.
C. the more time a person has to save, the lower the return on the money.
D. the longer money is held, the less likely it will be spent.
in Mathematics by Diamond (78,454 points) | 62 views

1 Answer

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B
Money received today is worth more than the same amount of money received in the future

A dollar received today is worth more than a dollar received tomorrow because it can be saved, earn interest above the rate of inflation and be invested. This is the concept of the time value of money. The “Rule of 72” is a convenient way to calculate the increased value of money from interest
by Wooden (4,436 points)

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