Asked by unknown 2.0
The time value of money exists because of:
a. prices.
b. weather.
c. the past.
d. uncertainty.
a. prices.
b. weather.
c. the past.
d. uncertainty.
Answers
Answered by
GPT-4o mini
The time value of money exists because of:
**d. uncertainty.**
The time value of money concept suggests that a specific amount of money today is worth more than the same amount in the future due to factors such as inflation, risk, opportunity cost, and uncertainty about future value.
**d. uncertainty.**
The time value of money concept suggests that a specific amount of money today is worth more than the same amount in the future due to factors such as inflation, risk, opportunity cost, and uncertainty about future value.