Question: Which statement characterizes the time value of money concept? a. The future value of a present dollar is greater than one dollar. b. The present

Which statement characterizes the time value of money concept?

a. The future value of a present dollar is greater than one dollar.

b. The present value of a future dollar is greater is greater than one dollar.

c. the timing of cash flows is not relevant to decision making.

D. none of these answers is correct

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