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7 October, 05:59

A dollar available today is always worth more than a dollar not available until a future period.

True/False

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Answers (1)
  1. 7 October, 09:27
    0
    The statement is: True.

    Explanation:

    The Time Value of Money is a concept that states a dollar today is always worth more than a dollar tomorrow. The theory relies on the earning capacity of money. The approach is the reason why entrepreneurs prefer to capitalize on their investments the soonest so the more money available now will represent for them more money accrued in the future.
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