The concept of time value of money is important to financial decision making because - 4691

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The concept of time value of money is important to financial decision making because 

A) it emphasizes earning a return on invested capital. 

B) it recognizes that earning a return makes $1 worth more today than $1 received in the future. 

C) it can be applied to future cash flows in order to compare different streams of income. 

D) all of the above 

 

Answer: D Difficulty: Medium Type: Conceptual 

 

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