From a financial manager's perspective, the time value of money reflects the fact that:
A) a dollar received today is worth more than a dollar received in the future.
B) a dollar received today is worth less than a dollar received in the future.
C) cash flows are likely to be positive at the start of a long-term investment project.
D) cash flows are likely to be negative at the end of a long-term investment project.
Correct Answer:
Verified
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