The _____ takes into account the fact that a dollar today is worth more than a dollar paid in the future.
A) time value of money
B) cash flow
C) payback period
D) financial flow

Question

Quizplus · Accepted Answer

The time value of money is a financial concept that considers the worth of money over time. It takes into account that the purchasing power of a dollar may decrease over time due to inflation or other economic factors. Therefore, a dollar today is worth more than a dollar paid in the future.

The _____ Takes into Account the Fact That a Dollar