A basic present value concept is that cash paid or received in the future is worth more than the same amount of cash received today.

Name: A basic present value concept is that cash paid or received in the future is worth more than the same amount of cash received today.
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Question

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A basic present value concept is that cash received today is worth more than the same amount of cash received in the future (due to the concept of time value of money and the possibility of earning interest on the cash today).

A Basic Present Value Concept Is That Cash Paid or Received