According to the concept of time value of money,a dollar is worth more the sooner it is received because:
A)it can earn a return.
B)it loses purchase power with time.
C)it can be destroyed with time.
D)the probability to be alive decreases with time.

Question

Quizplus · Accepted Answer

A dollar is worth more the sooner it is received because it can be invested to earn a return, increasing its future value.

According to the Concept of Time Value of Money,a Dollar