Which of the following tells us that a dollar received today is worth more than a dollar received in the future?
A) empirical return principle
B) first rule of finance
C) time value of money
D) accounting equation

Question

Quizplus · Accepted Answer

The time value of money holds that money has time value and that a dollar received today is worth more than a dollar received in the future due to the potential earning capacity of the present money through investment or simply due to inflation decreasing the purchasing power of money over time.

Which of the Following Tells Us That a Dollar Received