The concept that money has different values at different points in time is referred to as a.
Question:
The concept that money has different values at different points in time is referred to as
a. The time value of money.
b. Income deferral.
c. An investment horizon.
d. Capital reinvestment.
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Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
Question Posted:
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The time value of money (TVM) is the concept that the money you have in your pocket today is worth more than the same amount would be if you received it in the future because of the profit it can earn during the interim.
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