The time value of money concept best supports the idea of
A)the sooner the better.
B)better late than never.
C)a bird in hand is worth two in the bush.
D)good things come to those who wait.

Question

Quizplus · Accepted Answer

The time value of money concept emphasizes the idea that money available at the present time is worth more than the same amount in the future, because of its potential earning capacity if it is invested. Therefore, the sooner you invest your money, the more time it has to grow and earn interest, making option A the best choice.

The Time Value of Money Concept Best Supports the Idea