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  3. time value of money refers to: a. money received

Time value of money refers to: a. Money received today is less value than...

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Accounting

Time value of money refers to:

a. Money received today is less value than a unit of money obtained in future.

b.There is no difference in the value of money obtained today and future.

c.Money received today is more value than a unit of money obtained in future.

d.Cant estimate the time value of money.

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