According to the principle of time value of money:

Name: According to the principle of time value of money:
Brand: Quizplus
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Quizplus · Accepted Answer

The principle of time value of money primarily states that a given amount of money is worth more now than the same amount in the future due to its potential earning capacity. This core principle is based on the preference of receiving money sooner rather than later, which allows for investment and earning interest or returns over time.

According to the Principle of Time Value of Money