The concept of time value of money is very important and essential to financial decision-making because: D) all of these.
<h3>What is money?</h3>
Money is any formally recognized economic unit that's universally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
<h3>What is
time value of
money?</h3>
Time value of money can be defined as a measure of the difference in values of money in comparison to when it is received.
In conclusion, we can infer and logically deduce that the concept of time value of money is very important and essential to financial decision-making because it emphasizes earning a return of interest on investment and it applies to future cash flows.
Read more on money here: brainly.com/question/11252085
#SPJ1
Complete Question:
The concept of time value of money is important to financial decision making because?
A) it emphasizes earning a return of interest on the money you invested.
B) it recognizes that $1 today has more value than $1 received a year from now
C) it can be applied to future cash flows in order to compare different streams of income.
D) all of these.
