A $1,000 amount received today will be worth more tomorrow because of time.

Name: A $1,000 amount received today will be worth more tomorrow because of time.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The concept of the time value of money suggests that a dollar today is worth more than a dollar in the future due to its potential earning capacity. This principle underlies the core premise of finance that money has the ability to earn interest or yield over time, making its value increase.

A $1,000 Amount Received Today Will Be Worth More Tomorrow