Based on the time value of money, $100 received a year from today is worth more than $100 received today.

Name: Based on the time value of money, $100 received a year from today is worth more than $100 received today.
Brand: Quizplus
Rating: 4.8 (27 reviews)

Question

Quizplus · Accepted Answer

A dollar is worth more today than it is worth a week, a month, or a year from now. A dollar may be invested today, and grow to a larger value one year from now. If you were offered $1.00 today, you should expect a little more than a dollar, one year from now, if everything else is equal.

Based on the Time Value of Money, $100 Received a Year