Answer:
False
Explanation:
The present value of money concepts show that money changes in value with time(tume value of money). Therefore the present value of money today is the discounted value of future cash flows or "series" of cash flows. This shows that money decreases value with time and the present value of money today is not "equivalent" or greater than money in the future as a result of inflation or some annual rate of return not utilized.
I'd say false, they could have came in from Georgia or the other colonies that weren't spanish controlled territories.
