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Disregarding Risk, If Money Has Time Value, It Is Impossible

question 61

True/False

Disregarding risk, if money has time value, it is impossible for the present value of a given sum to exceed its future value.


Definitions:

Self-serving Bias

The common habit of a person taking credit for positive events or outcomes, but blaming outside factors for negative events.

Success

The achievement of set goals or the attainment of wealth, position, honors, or the like.

Efforts

The use of physical or mental energy to achieve something.

Failures

Instances or occasions of not achieving a desired or intended outcome, often used to describe unsuccessful attempts in various contexts.

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