Question: Which statement characterizes the time value of money concept? A) The future value of a present dollar is less than one dollar. B) The present

Which statement characterizes the time value of money concept? A) The

Which statement characterizes the time value of money concept? A) The future value of a present dollar is less than one dollar. B) The present value of a future dollar is less than one dollar. C) The timing of cash flows is not relevant to decision making. D) None of the above

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