Q. The Time value of money must be considered in
total outlay decision because?
a. A dollar received in future is more value able than
a dollar today
b. Cash flows are not known with certainty
c. Inflation greatly reduce the outflows
d. Cash inflows and out flows occur at different
poin
Answers
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Answer:
Cash flows are not known with certainty is the correct
Explanation:
Money has time value because Individuals prefer future consumption to present consumption. Money today is more certain than money tomorrow. Money today is worth more than money tomorrow in terms of purchasing power.
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