Which of the following statements about the future value of


Which of the following statements about the future value of a dollar is true?

a. A dollar paid (or received) in the future is worth more than a dollar paid (or received) today.

b. A dollar paid (or received) in the future is worth as much as a dollar paid (or received) today.

c. A dollar paid (or received) in the future is worth less than a dollar paid (or received) today.

d. A dollar paid (or received) in the future is not comparable to a dollar paid (or received) today.

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Financial Management: Which of the following statements about the future value of
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