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Thetime value of money refers to the issue of:
The
time value of money refers to the issue of:
why a dollar received tomorrow is worth the same asa dollar received today.
why a dollar received tomorrow is worth the same as
a dollar received today.
None of the above.
why a dollar received tomorrow is worth more than adollar received today.
why a dollar received tomorrow is worth more than a
dollar received today.
what the value of the stream of future cash flowsis today.
what the value of the stream of future cash flows
is today.
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