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The idea that money available now is worth more than the same amount later is the:
ATime value of money
BTrade value of money
CTotal value of money
DTerm value of money
Answer & Solution
Correct answer: A. Time value of money
1. Money on hand can be invested.
2. It earns interest while it waits.
3. That is the time value of money.
_Source: OpenStax Principles of Finance 2e, Chapter 7, Time Value of Money I._
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